View of USDCAD and GBPUSD chartsToday, I took a look at the trading method of Trend-following using the USDCAD and the GBPUSD charts.
USDCAD.PRO.OTMS trade ideas
USDCAD, Bearish Divergence, Double TopRejection from weekly resistance
Bearish divergence
Double top formation
Reversal Expected
Short sell at CMP
SL at top of Resistance
USDCAD TODAYStill up for me.
I take one order now and I add one more if price go down.
SL and TP is add
USDCAD sell limitUSDCAD formed Double Top with RSI divergence. Now after breaking its neck line and previous HL, It made new LL. After retracement at Fib Level 0.618 we will place sell limit entry
Sell from the 1.41 bank level in the multiyear highThis was a high-risk sell from the 1.41 and multi-year high. Confirmed by the DXY which was at 106.9. I think the price will reach the first liquidity level in the discount which is my target. Then we can get pullback an more sell-off.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
USDCAD | 20.11.2024BUY 1.39530 | STOP 1.39030 | TAKE 1.40030 | Price rebound from local support level. Related scenario with spent signal from 11.19.2024.
Bullish bounce off 61.8% Fibonacci support?The Loonie (USD/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 1.3938
1st Support: 1.3898
1st Resistance: 1.4032
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Post analysis 11/19/24Hello and good evening traders,
Thank you for taking the time to join me on our post analysis. We have identified a short opportunity in the USDCAD pair. The reason behind this engagement is the alignment of several key elements.
Firstly, we observed weakness in the fundamentals of the US dollar and strength in the Canadian dollar. Secondly, these fundamentals aligned with our current trend. Thirdly, we experienced proper breaches of the previous session’s highs and lows. Lastly, we were able to gauge the opposition's strength and time an entry based of their lack of ability to perform.
Timing Consideration: Timing was a significant concern, potentially impacting the trade’s advantageousness.
the momentum of the opposing force and ascertain that their strength was waning.
After considering these factors, it became evident that a short opportunity presented itself. However, timing proved to be a more significant concern. If we had given more attention to timing, we may have had the opportunity to select a more advantageous trade. Nonetheless, we ended the day with a positive outcome, presenting opportunities for improvement and enhanced performance in the future.
See you all in the office tomorrow.
Good night,
USD _ CAD _ Active _ Trading _ Under _ Trading _ Venue _ OANDA USD _ CAD _ Active _ Trading _ Under _ Trading _ Venue _ OANDA
Drop to the key level of $1.39135 it may touch the level of 1.39076
______________________________
Prices breakdown:
1.39391
1.39451
1.39707
1.40021
1.40208
1.40524
USDCADLooking at USDCAD, the overall order flow remains bullish, but we're currently seeing a retracement. I'm anticipating a continuation to the upside. At the moment, we have an unmitigated demand zone, which is valid due to a liquidity sweep and a change of character originating from this zone. From there, the market created a new high at 1.41053.
Now, we need to fill the inefficiency, wipe out the inducement, and wait for an entry on a lower timeframe once the price taps into our demand zone. Ideally, price will sweep the resting liquidity and take out the internal liquidity, confirming the bullish continuation.
Idea on a tradeUSD/CAD gains ground to around 1.4020 in Tuesday’s Asian session.
The rising geopolitical risks support the USD.
The Canadian CPI inflation report will be in the spotlight on Tuesday.
The USD/CAD pair trades in positive territory near 1.4020 on Tuesday during the Asian trading hours. The resurgence of geopolitical tensions in the Middle East and in the Russia-Ukraine front boost the safe-haven currency like the Greenback. Investors will closely watch Canada’s Consumer Price Index (CPI) inflation data, which is due later on Tuesday.
Citing two US officials familiar with the decision, CNN News reported on Sunday that US President Joe Biden's administration has authorized Ukraine to use US arms to strike inside Russia in a significant reversal of Washington's policy in the Ukraine-Russia conflict. Investors will monitor the development surrounding geopolitical risks. Any signs of escalation could lift the US Dollar (USD) against the Loonie.
potential trades to develop 11/19/2024Welcome back,
In this video, we provide a detailed analysis of the volatility that occurred in our previous submission. The volatility peaked at 6:30 p.m. and was directly attributed to the release of fundamental news information regarding the USD and CAD currencies.
Following this development, we conducted further research to assess the potential impact of the volatility on trade opportunities. Utilizing correlation analysis, we identified that the USD experienced significant weakness, while the CHF, despite its weaker position on the chart, outperformed most of our weaker currencies, including AUD, GBP, and USD.
Based on these findings, we remain vigilant for further market developments. Should we identify a suitable trade opportunity, we will provide a comprehensive explanation of our decision-making process. Subsequently, we will conduct a thorough post-analysis to assess the outcome of the trade.
We anticipate your continued interest and look forward to sharing our insights with you.
Trading USDCAD and AUDUSD | Silver Bullet Strategy 18/11/2024The Silver Bullet strategy, introduced by the Inner Circle Trader (ICT), aims to exploit certain market conditions within specific time frames. It involves strategically placing entries at the initial fair value gap that emerges within these periods. Yesterday, we executed trades using this strategy and we plan to show you how to incorporate this strategy into your trading toolkit.
Firstly, it's crucial to understand what a Fair Value Gap (FVG) is and recognize the optimal time to look for these trades, which is between 10:00 and 11:00 EST. In order to get into the groove of trading we got to our trading desk at 09:55 and with the help of the sessions indicator we have the our trading zones mapped out for us. It should be noted that the initial candle marking the start of a trading session cannot constitute the Fair Value Gap (FVG), but it can serve as the first candle in the formation of an FVG.
The trading session began, and we were scouting for setups to trade using the silver bullet strategy. After 15 minutes, we noticed a Fair Value Gap (FVG) had formed on the USDCAD pair, which drew our attention to it.
This development indicates that we should be on the lookout for potential selling opportunities this trading session. We must wait for price to retrace back to the FVG and only execute a trade after the candle that enters the FVG has closed. This approach helps us avoid trades that enter the FVG and immediately hit our stop-loss. After 10-minutes we got a retracement into the Fair Value Gap (FVG), and given that price did not surpass the high of the first candle in the FVG formation, we can enter this trade. A 10 pip stop loss will be set to provide sufficient room for the trade to develop.
After initiating the trade, our USDCAD position experienced minimal drawdown, and by 10:35, it was progressing favorably in our desired direction. Simultaneously, we were evaluating potential setups on other currency pairs and observed the formation of a Fair Value Gap (FVG) on AUDUSD.
The next candle retraced into the Fair Value Gap (FVG) created on the AUDUSD pair, indicating that upon its close, we could execute a trade on this pair.
The USDCAD position swiftly hit the take profit (TP) target. Within just 25 minutes, we completed this trade and shifted our focus to the other open position, AUDUSD. The AUDUSD position was also moving favorably in the direction we anticipated.
After a period of waiting, we checked the position and found that it had reached the Take Profit (TP) after two hours. We succeeded in both trades we entered yesterday, risking 1% on each and aiming for a total gain of 4%. As observed, both trades experienced minimal drawdown, but this does not guarantee similar entries in the future. It is advisable to backtest this strategy and collect sufficient data to reinforce your confidence should you choose to trade using this strategy.
USDCADafter a huge tanking path, consolidation at that level, if USDCAD tends to make minor lower highs and hitting the support multiple times, a small consolidation and v-formation gives a short signal there.
Buy USDCAD @1.402USDCAD Pair is still in an uptrend, we did not get lucky on our last trade. Based on my analysis this pair will bounce according to the trendline on the chart. US Economy will go positive because of the changes of the US president will implement in the coming days.
Share your thoughts, This is not a financial advice, Trade wisely.
USDCAD H1 - Stress-Free Clear Charts.Stress-Free Clear Charts. (Required 10 years in R&D.)
In this layout, we see these indicators:
(From top to bottom of the screen)
-Angle: Shows the Angle of the Trend.
-Bear&Bull Powers: Displays who are in Power, the Bulls or the Bears.
-Strength: Shows the Strength of the Trend.
-Template: Always clearly shows the direction and precisely where to open and close (where to flip position). We open at the beginning of the Trend and stay in all the way till the end, stress-free. Turns perfectly.
-Performance: We see where to enter and close, the pullbacks and the performance.
-Odds: Shows the Odds everywhere.
-Probability: Shows the Probability all the way.
-Compare Forex: We see the performance of each currency of the Pair on chart. Each line is one currency. USD in Red. CAD in White. When the USD is above the CAD, the USDCAD pair goes up. And vice versa, when the USD is below the CAD, the USDCAD pair goes down. The background color displays the intensity of the trend.
USDCAD Nears May 2020 High Amid Slumping Oil PricesThe USD/CAD currency pair is overbought, as signaled by the RSI and Stochastic indicators. The pair has the potential to consolidate near 1.395 if the 78.6% Fibonacci level holds as resistance.
On the other hand, the uptrend will likely resume if USD/CAD bulls can close and stabilize prices above the 1.409 mark.
Article: fxnews.me
Possibility of uptrend According to the behavior of the price at the specified resistance levels, the possible scenarios have been specified. Probably, it will be possible to continue the upward trend until the 100% level
USD/CAD continue with the UptrendOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.40460.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
FVG + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDCAD BULLISH SETUPAbove this high we wait for a solid BOS, the nature of a candle close will dictate if we commit to the setup.
We are looking for a candle that fully breaks above, the structure, With the body close above the structure.
This will be an impulsive move.
We identify a market structure that formed prior to the break, and that will be our entry position.
Be sure to use your hard learnt skills to look for an entry around this area. Which will be our POI.
USDCAD Bullish setup.Above this high we wait for a solid BOS , the nature
of a candle close will dictate if we commit to the
setup
We are looking for a candle that fully breaks above the structure With the body close above the structure .
This will be an impulsive move.
We identify a market structure that formed prior the
break , and that will be our entry position.
Be sure to use your hard learnt skills to look for an
entry around this area. Which will be our POI.
Read The USDCAD MarketLet's Look at USDCAD Chart and Read the Price Action to find some trade opportunities, Good Luck With Your Trades <3
USDCADThe U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary.
