USDCAD.PRO.OTMS trade ideas
USDCAD -Bearish ReversalUSD/CAD is poised for potential bearish movement. A critical level to monitor is the previous higher low; a break below this level would confirm a bearish reversal. Additionally, the presence of divergence on the chart, coupled with a break of the trendline, reinforces the bearish outlook. This suggests that the bullish momentum may be weakening, opening the door for sellers. Traders should keep an eye on these key levels for potential trading opportunities.
Long buddy!!!1.400-1.4050 is my target area for the remainder of the this week.
My price action, My 1hr time frame entry and My macd indicator all aligned for my long bias…
What is your thoughts on this pair?
Trade safely my friends
USDCAD: TIME TO SHORT?Price is slowly aproaching the weekly resistance and ir seems highly likely that price will react bearish from that zone. Either during NFp or after NFp. watch price action on lower time frame to get your entries. Good luck.
disclaimer; this is not financial advice, just my view on how the market is likely to behave.
USDCAD ForrexThe chart is printing a Bullish Trend with HH and HL with no Divergence .
The Entry point will be 1.39213 and the Stop Loss will be 1.38891
Entry Point:1.39213
Stop Loss:1.38891
Lot Size:0.43
TP1:1.39539
TP2:1.39877
Swing Long For USDCADEntry: 1.3442
TP1: 1.3975
TP2: 1.426
TP3: 1.466
SL: 1.309
Price will likely surge back to 1.466 area going into next year, as USD strength will likely return in full force after election season.
Is USDCAD ready for a shift? Watch the resistance zone!USDCAD is approaching a critical resistance zone between 1.39 and 1.396. Despite the upward price movement appearing persistent, it seems unsustainable, indicating a potential downside move toward the 1.37 to 1.38 range. As long as USDCAD remains below 1.396, the potential for a downward shift is likely.
Short Opportunity on USDCAD According to Previous Analysis on 4h time frame
According to Divergence ON CCI
According to Price Action
According to uptrend channel + Resistance level
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024
The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation.
Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down.
/// SELL USDCAD : zone 1.39300 - 1.39500
SL: 1.39800
TP: 60 - 100 - 250 pips (1.37000)
Safe and profitable trading
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.39000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39000 support and resistance area.
Trade safe, Joe.
USD/CAD For Bullishyou can go long now
or
wait for pull-back at entry point and then go long
- General Trend is Up Trend
- Price Break Current Resistance at Red Arrow
have fun :)
USD CAD Bearish viewExpecting USDCAD to fall from this level. Entry would be after the reversal pattern formed in that area.
This is just for an educational purpose only.
USD_CAD STRONG RESISTANCE AHEAD|SHORT|
✅USD_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 1.3976
Price decline is to be expected
SHORT🔥
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USDCAD Sell Second leg H4Hi Everyone!
Please consider selling USDCAD now, its been in a mega uptrend, but has formed a solid second leg on H4, which makes me believe it might be time for a pullback.
TVC:DXY also seems to be pulling back to the short side.
USDCAD_4Hhello
Canadian dollar currency pair analysis
Elliott wave analysis style
The market is in five ascending waves, and we are currently in the 3rd wave, where the final target can be considered as 1.40000.
The bottom of wave 4 can be considered as 1.38000.
We buy downward corrections.
USDCAD / M15 / LONGUSDCAD may rise from the Bullish order block
Bullish Order Block :- 1.38850 and 1.38784
We can see USDCAD is near Bullish Order Block so its time to open the long position. there is maximum probability that our trade ends in profits. I suggest to open position immediately. Lets see how the price reacts here.
USDCAD / M15 / LONG
LOT :- 0.1
Entry Price :- 1.38850
Take Profit :- 1.39114
Stop Loss :- 1.38587
USD/CAD H1 | Approaching pullback supportUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3904 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 1.3866 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 1.3946 which is a swing-high resistance.
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USDCAD IS GOING UPPPPCanada relies heavily on oil exports, so any drop in oil prices can weaken the Canadian dollar, while U.S. GDP growth or a decrease in unemployment strengthens the U.S. dollar.
Shark pattern counts complete and into the 5-0Cd$ setting up for a push down to 13650-70 in a 5-0 continuation from the completed shark pattern .
Monthly USDCADBreakout of Symmetrical triangle leading to development of a bullish triangle and ultimately to hit August 1998 highs around the end of 2015 or into 2016.
Long buddy!!!I am long the rest of the weak.
All the way up to 1.400 area.
My macd, price action and time frame have ll been triggered.
What are your thoughts?
Trade safely my friends
