USDCAD- Bullish Trend Continuation - Bullish Triangle patternFormation of Bullish triangle pattern depicts trend continuation and no divergence on 1H time frame
CADUSD trade ideas
Read The USDCAD MarketLet's Look at USDCAD Chart and Follow Price Actions and Find Some Trade Opportunities, Good Luck With Your Trades <3
USDCAD Buying ideaAs indicated by the drawings. There are some things we need to understand .
1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated .
2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged.
3. Observe a consolodation of different players in the market structure has been observed prior the break
4. What we expect next after an impulsive move is a corrective move.
5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.
This #1 CandleStick Chart Pattern Is My FavouriteAm always thinking about how to keep my spending costs
on consumer foods to low-cost
because if you have been reading about me
In these journals, you will know
that i like sweet milk but am running low on savings
and maybe am thinking about cutting on
this consumer good
found in retail shops both large and small
Look at the following economic data for this week
that is influencing this forex pair:
• Inflation rate year over year is projected to increase
• The core inflation rate is projected to remain flat
• retail sales month over month is projected to fall
Retail sales are looking like they will fall
meaning businesses in the retail space are struggling
to make profits.
This is because of the rise in inflation.
Look at this chart of CAPITALCOM:USDCAD
It has my #1 favourite candlestick pattern
called the rising white soldiers
If you would like to learn more about candle
stick patterns
check out Steve Nisson’s book on candlestick charting
does this mean am a chartist?
Yes being a chartist will give you
an edge in the market but
you can also hang on to trend analysis
such as the rocket booster strategy
if you would like to learn more
about the rocket booster strategy
check out the references below.
Rocket boost this content to learn more
Trade safe.
Disclaimer: Trading is risky please learn risk
management and profit
taking strategies
because you will lose money whether you like it or not
30-mins USD/CAD: Bullish Momentum Meets Multiple TopThe Golden Cross of the 20 MA breaking above the 60 MA is a strong bullish indicator for USD/CAD. The RSI is overbought and the price formed a multiple top pattern around 1.3955, meaning a correction is not impossible. If the price holds above 1.3911 (38% Fib) the up trend might extend above 1.40.
Morning scenario for USDCADWe see repetive rejection from resistance zone
Targeting Short SL first step, than go for prev day low liq.
USDCAD, Is An upward movement on the way ?Hello Traders, Hope you are doing great.
for upcoming days, Based on Fundamental and technical analysis, we'll probably see an upward correction to Specified Blue dashed line. so with a proper trigger we can open a Long position.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
USDCAD SELLSPrice already in a distribution ready for the drop. I see that zone as LPSY (Last point of supply)
MY BEARISH SENTIMENT ON UISDCADAlright 9im very skeptical about this sell opportunity because of the post US elections volatility and upcoming consumer price index news. Whats making me to be really convinced is the price approach of price to my supply zone. The supply zone created a nice drop there on the left side. So now all I have to do is to wait.
USDCAD BULLISH MOVEMENT 1:3 ratioIf u guys observed usd index there is sign of bullish movement already pick up than can effect USDCAD. USDCAD will break the above resistance as if we use SND theory. There’s no supply in the resistance zone that i mark making if there is demand in the entry zone, the price will bullish breaking the resistance 🚀🚀 OANDA:USDCAD
Will This XABCD Pattern Play Out?1 hour chart pattern. My bias is short on usdcad, however, upon completion of this bullish chart pattern we could get an opportunity for a long position this week
USDCADprice is in a uptrend and it just formed a QML King so we will wait for it at the demand king level
USDCAD bearish viewUSDCAD is in a good position to begin a deeper pullback. Tonight's interest rate cut by the FED could further strengthen the bearish momentum. The main target is the 1.36500 level on the EMA 200 moving average.
USDCAD - Continue Bearish Pattern with AB=CD Harmonic PatternUSDCAD expected to follow Hamonic AB=CD pattern continuous of Bearish trend and Potential Reversal zone is at 1.378.
USDCAD buy ideaUSDCAD Buy
Entry at 1.39367 , Full take profit at 1.39736 . stop loss - 1.39008. aiming for 1:2 R
TP1 @ 1.39736
TP2 @ 1.40121
USDCAD on its way to retest high?related monthly chart
time in UTC+8
three white soldiers on 4 hr
CAD unemployment rate soon
stoch rsi hidden bullish divergence from 25 Sept 2024 -> trend continuation
current fundamentals still support USD and CAD unlikely to strengthen
retest of monthly high (either break or reverse monthly high to be retested)
trump reelected, uncertainties surrounding his policies make managed funds unlikely to bet on a high beta commodity currency like CAD for now where there are so many other alternatives.
retail are HUGE USDCAD shorters, ain't no free money like that!
yesterday was unable to create lower low on daily.
price currently bounced from various previous major daily swing highs, one can possibly say daily resistance retested and turned support and USDCAD on its way to retest monthly resistance
bounced from channel dated back from 25 sept 2024 swing low, currently at bottom range of channel, good for longs for a range trade Friday as major news begin to settle and investors reassess upcoming risks
successful break through of multiple vwap resistance with momentum at asian sesh
etc
What yall think?
USDCAD Break and Retest Trade Price has broken out of uptrend and retest the weekly and daily support turned resistance. Anticipating a move down to the next daily support level at 1.37931
Sell Stop entry set for 1.38650 2:1 R/R
uptrendAs long as the price fluctuates above the red support zone, the continuation of the upward trend is likely. Otherwise, it will be possible to continue the correction process up to the previous floor range
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support.
Pivot; 1.3892
1st Support: 1.3851
1st Resistance: 1.3921
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Heading into overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3893
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.3921
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 1.3850
Why we like it:
There is a pullback support.
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USDCAD double top or continue upward?On the 4-hour chart, USDCAD is currently consolidating at a high level. At present, we can pay attention to the breakthrough direction of the market. If the price falls below the 1.3823 support line, a double top pattern will be formed, and the market will start to go down, with the downside target around 1.3750. If the price breaks through the resistance near 1.3959, it will continue to rise, and the market will go above the 1.400 mark.
USDCAD ShortWaiting for close under hourly low. This will serve as confirmation that we are still bearish and pushing new lows.
