Good opportunity to long here There was intraday bos yesterday (1st red line) second confirmation (2nd red line) waiting to see what price does to buy during NYS ....
CADUSD trade ideas
USDCAD , 1H USDCAD on 1h we have a potential long position
The break and retest of the HEAD & SHOULDERS pattern
USDCAD 1H forecastWe're in an impulse down, forming wave 4 as a Zig-Zag correction. I project the price to touch 38,2 and we can expect a collapse after that rally.
uptrendIt is expected that we will see the start of the upward trend and the price will advance to the resistance trend line.
If the price breaks through the previous low, the above scenario will be invalid.
POSSIBLE SELL SET UP ON USDCADUSDCAD is obviosly on down trend making lows and highss after it broke the recent up trend, connencting the two previous highs is the easiest way to identify where the continuation will begin. if price aligns with the trend on the liquididty area and give us nice price action rejection ,wewill bodly ttake sells.
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.4359
1st Support: 1.4236
1st Resistance: 1.4451
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4366
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4447
Why we like it:}
There is a pullback resistance level.
Take profit: 1.4345
Why we like it:
There is a pullback support level.
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#USDCAD 4HUSDCAD (4H Timeframe) Analysis
Market Structure:
The price is currently trading within a well-defined downtrend channel and has reached the upper boundary, which is acting as strong resistance. Previous price action suggests that sellers have been active at this level, leading to potential bearish pressure.
Forecast:
A sell opportunity may arise if the price fails to break above the channel resistance and shows signs of rejection. If the resistance holds, further downside movement is expected within the channel structure.
Key Levels to Watch:
- Entry Zone: Consider selling near the channel resistance upon confirmation of bearish rejection.
- Risk Management:
- Stop Loss: Placed above the channel resistance to manage risk.
- Take Profit: Target lower levels within the channel, aligning with previous support zones.
Market Sentiment:
As long as the price remains within the downtrend channel and respects the resistance, the bearish trend is likely to continue. However, a breakout above the resistance may shift the market sentiment toward bullish movement.
Inverse head and shoulders on H4USD/CAD faced strong resistance near 1.4800 last month and has recently carved out a lower high at 1.4550, Société Générale's FX analysts note.
Below 1.4240, USD/CAD can fall towards 1.4150 and 1.4030
"Daily MACD is within positive territory but has dipped below its trigger line highlighting receding upward momentum. A short-term pullback is taking shape. Low achieved earlier this month at 1.4240 is first layer of support. Break below this can lead to extended down move towards 1.4150 and projections at 1.4030. Resistance at 1.4550 must be overcome to confirm further uptrend."
USDCAD: Will Start Growing! Here is Why:
The analysis of the USDCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCAD 4H Chart Analysis1. Market Structure
The chart shows a bearish market structure, where price has broken a key trendline support.
The price previously made higher highs and higher lows, but recently failed to continue upward and broke below the ascending trendline.
This confirms a potential trend reversal to the downside.
2. Key Levels
Broken Support Zone (~1.4350 - 1.4400): This level previously acted as support, but price has now dropped below it.
Current Resistance (~1.4300 - 1.4320): Price attempted a pullback to this zone, but it is now acting as resistance.
Target Zone (~1.4165 - 1.4180): Marked as a potential take-profit area for short positions.
3. Bearish Setup Confirmation
The chart shows a short position setup, with:
Entry near the pullback area (~1.4300)
Stop-loss above the resistance zone (~1.4350 - 1.4400)
Take-profit near 1.4165 (previous key support)
The trade setup suggests a Risk-to-Reward Ratio (RRR) > 2:1, making it a favorable setup.
4. Trading Strategy
If Price Retests Resistance (1.4300 - 1.4320) and Rejects → Short (Sell) Entry
If Price Breaks Above 1.4350 → Invalidates Bearish Setup
If Price Drops Below 1.4260 → Bearish Momentum Confirmed
5. Additional Confirmation Factors
EMA 50: Price is below the 50 EMA, which supports the bearish outlook.
Break of Trendline: Strong signal for downside continuation.
Conclusion
Primary Bias: Bearish
Entry Zone: Near 1.4300 - 1.4320 resistance
Stop Loss: Above 1.4350
Take Profit: Around 1.4165
Trade Confirmation: Look for rejection candles at resistance.
USD/CAD Very Near Buying Area , Are You Ready To Get 200 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Bullish bounce?USD/CAD is falling towards the support zone which is an overlap support and could bounce from this level to the upside.
USDCAD NEWS TRADING(Close Door Analysis)Lets trade the News to enjoy the Profit as Usual..Make sure u trade with define Strategy..ENJOY!!
usdcad|foxforexUSDCAD tested the main support area after breaking this area. The next target is the support area located at 1.4200.
USDCAD-SELL strategy 3 hourly chart The pair is under pressure and broken below a triangle formation, and we are trading below the cloud cover as well.
Strategy SELL @ 1.4360-1.4380 and take profit near 1.4267 for now.
USDCAD.. SELL TRADE SETUP..Here’s a structured analysis of the *USDCAD sell trade setup, assuming the entry is near current market levels (e.g., **1.4300–1.4310*). If the entry differs, adjust calculations accordingly:
---
### *Trade Summary*
- *Entry: *Not specified (Assumed near *1.4300*)
- *Stop Loss (SL): **1.43130* (13 pips risk if entry is 1.4300)
- *Targets*:
1. *1.42400* (-60 pips from 1.4300)
2. *1.41777* (-123 pips from 1.4300)
---
### *Key Analysis*
1. *Risk-Reward Ratios (If Entry = 1.4300)*:
- *Target 1: 60 pips reward vs. 13 pips risk → **4.6:1* (Exceptional).
- *Target 2: 123 pips reward vs. 13 pips risk → **9.5:1* (Very aggressive).
2. *Position Sizing*:
- For a 13-pip SL, ensure alignment with your risk tolerance (e.g., 1–2% of capital).
- Example: For a $
USDCAD SELL SETUPA breakout has been seen on htf narratives. We want to see a reaction from the supply to continue the sell following Price IOF
USDCADUSDCAD
It has almost completed the correction , forming the " c " Corrective Waves from Fibonacci Level - 61.80% in a Corrective Pattern " Symmetrical Triangle ". It has breakout the Lower Trend Line proper Entry after Retracement
Reason why i took USDCAD todayHead n Shoulder pattern spotted out on 1HR , placing my BOS and Order block for my entry,
Patient, discipline and execute fearlessly.
USDCAD ShortUSDCAD short on the regression break.
I am considering my options and which EA to use to get the most out of this setup.
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.4359
1st Support: 1.4165
1st Resistance: 1.4486
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
