SHORT OPPORTUNITY ON USDCADAccording to Negative Divergence
According to Fibo Retracement
If CCI hit Zero Level to down, it will be a perfect Confirmation
SL1.38900
USDCAD.PRO.OTMS trade ideas
USDCAD BEARISH 4H TF (FVG/OB BUY SETUP) Instrument has made a Fair Value Gap greater than 100 points with Order Block showing instant movement towards the upside. Entry is taken at middle of OB with SL 5 points below OB and TP at the top of FVG.
What do you think, will it work?
USDCAD with two probabilities for 10/29/2024USDCAD with a high probability to make the decision for 10/29/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
USDCAD- From a technical point of viewUSDCAD has been on an uptrend for the past 30+ days, and I'm a huge believer in trends so on a daily basis I have been entering longs and will do so until price is showing clear obvious signs that it has changed, of course the trend direction is only half of the problem so finding a good entry is crucial and my thinking behind this is both logical and quantifiable, logically I know the only way to make profit is to buy low and sell high. and in terms of quantifying I use technical analysis to read the price and identify the lows/highs so I can enter. as long as you believe that buying low and saying high while following the trend must not be violated then you should be fine most of the time
USD/CAD H4 | Falling to 38.2% Fibonacci pullback supportUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3879 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3855 which is a level that lies underneath a pullback support and the 23.6% and 61.8% Fibonacci retracements level.
Take profit is at 1.3904 which is a multi-swing-high resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Possibility of correction The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, it is expected that a trend change will take place and we will see the beginning of the correction process
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.38500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.38500 support and resistance area.
Trade safe, Joe.
USDCAD Awaits Downside ConfirmationHello,
FX:USDCAD has continued its anticipated upward movement, as outlined in the previous analysis. At this stage, a pullback is expected, targeting a downside level around 1.353087. However, for confirmation, the pair still needs to break through the 1W/1D support structure. Key resistance levels to watch are 1.390418, 1.389689, and 1.389446.
TradeWithTheTrend3344
USDCAD ChartThere is Bullish Trend but have bearish divergence also reversal pattern of Rising Wedge. So, I am bearish bias in this setup. Wait for the breakdown of last HL i.e. 1.38110. then take sell entry putting SL on 1.39100.
US Dollar retains US election risk bid | FX ResearchThe Canadian Dollar simply can't catch a break. Bank of Canada policy has turned increasingly dovish, all while the price of oil remains under pressure and Canada economic data deteriorates.
Oil prices have tumbled following Israel's strikes on Iran, which avoided crude facilities. This has led to a de-escalation of tensions in the Middle East.
Looking ahead, we have Canada’s wholesale sales data, the Dallas Fed manufacturing report, and a speech from ECB’s Gino (Dall'Asta).
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
USDCAD Sell Short (Final)I have been analyzing USDCAD for a while now and I believe this is the time for a double top to be formed and that M formation shall be taking place like the previous W pattern USDCAD has built up. As seen in the chart, USDCAD touched for a double bottom at 1.34213 which I predict that we shall be lead to that level again. USDCAD has far too long rallied and we should all be shorting this very top to make all our profits again. Rinse, repeat, and learn from these lessons in trading. I also wanted point out that in our analysis we have highlighted where previous support and resistances have broke out and lead to new higher highs and now lower lows when we come back down from this entry at 1.38973 I hope you all enjoyed our analysis! We also have included TP and SL in the chart and please follow our page for more signals like these! If you have any questions about this trade please send me a direct message and I will respond swiftly.
Thanks for stopping by!
Sell usdcadAlready pair completed its bullish correction
And now daily and weekly oversold
Some bearish correction expected from current supply zone
Zone looking quite strong as its respect it many times in past
Minimum Tp 300 pips
Smart money concept If the trade comeback to my entry point i will look a lower time frame counter trend and then i will take long.
USDCAD at Key Weekly Resistance: Bears Incoming?USDCAD is currently sitting at a key weekly resistance level. If this resistance holds, we might see some bearish pressure kick in for the short term.
It's a crucial area to watch—if the level rejects the bulls, it could be a good opportunity for short setups. But if the breakout happens, we’ll need to reassess. Stay sharp and keep your risk in check!
What’s your take on this? Are you watching for a rejection, or expecting a breakout? Let me know in the comments!
Buy - Follow trendoverall buy Trend for USDCAD based on previous trade as well.
Still going uptrend with this trade.
Targeting the low of Asia for entry.
USD/CAD H4 | Overlap support at 38.2% Fibonacci retracementUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3842 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3800 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 1.3897 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCAD: weekly channel topUSDCAD: WEEKLY CHANNEL TOP
Trading at weekly channel Top
Bearish Divergence
High caution for Long positions
Read the USDCAD MarketLet's Look at USDCAD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
USDCAD with two probabilities for 10/28/2024USDCAD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCAD ShortPrice has already rejected the neckline at point A and dropped to 1.35. Price has quickly recovered into the 1.38 order block. We can look for sells from the beginning of this week.
Potential entry for USDCADIf USDCAD drops lower I'm expecting a buy at my first level, if it doesn't hold, then I'm expecting a sell down to the lower zone marked on the chart, watch out for break and retests too.
