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USDCAD trade ideas

USDCAD - Liquidity Grab at Key Level, Next Target: DOLOn the monthly chart of USDCAD, we can see that liquidity above the marked key level has been taken. The price briefly broke above this important resistance, grabbed liquidity, and is now showing signs of rejection, indicating a potential reversal. The next target is the DOL (Draw on Liquidity) area, where the next major liquidity pool is located. If the bearish move continues, the price could reach this level in the coming months. 📉 Key Levels: 🔹 Key Level – A crucial resistance where liquidity was collected. 🔹 DOL / M – A potential target for a corrective move.
Short
by SerenityEquity
5
USDCAD: Massive selling until the end of the year.USDCAD is neutral on its 1D technical outlook (RSI = 54.383, MACD = -0.003, ADX = 20.940) as it found support on the 1D MA100 and rebounded. We do believe howere that this bounce will be short lived as the pair hit the 9year resistance early this month and got heavily rejected. The first targets are the 1W MA50 and 1W MA100. We do expect it to hit the 0.786 Fibonacci (TP = 1.2600) by the end of the year as both prior highs on R1 aggressively declined to hit at least the 0.786 Fib. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
USD/CAD Bulls to Dominate @1.4500 Handle US President Trump renewed his threats to impose tariffs on Canada, noting that the latest delay was only for ‘30 days’, and is set to come back into effect next week. the loonie is under pressure as policy concerns continue to weigh. that being said, I am expecting this week or early March for the bulls to come in and dominate the @1.4500 Fair value area Before the aggressive bulls try and push the price a little bit higher aiming the @1.4600 handle Tp 1.44664 tp 2 aggressive trader aim @1.46364
Long
by que
2
Trump’s Tariff Threat: USD/CAD Hits Three-Week HighTrump’s Tariff Threat: USD/CAD Hits Three-Week High As we reported on 3 February, Trump’s tariffs pushed USD/CAD to a 22-year high. However, a one-month tariff delay led to a sharp drop, sending USD/CAD to its 2025 low near 1.41550. As the end of the delay approaches, the pair has been climbing again since mid-February (as shown by the arrow). Yesterday, President Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will take effect on 4 March. This dashed hopes for another delay and triggered a breakout above the 1.43600 resistance level. Technical Analysis of USD/CAD Above current levels, key resistance lies at 1.44600, which has held firm since mid-December. However, drastic measures from Trump’s administration could drive further price movement within the blue-marked channel. Expect volatility spikes ahead of Canada’s GDP release, scheduled for today at 16:30 GMT+3. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
USDCAD SHORTShort Trade Setup: 📌 Entry Zone: • Look for a bearish confirmation candle around 1.4450 - 1.4480 before entering a short position. • A retest of the resistance level would provide stronger confirmation. 🎯 Target Price (TP): • TP1: 1.4300 – First key support level • TP2: 1.4150 – Lower boundary of the channel 🚨 Stop Loss (SL): • SL: Above 1.4500, in case the price breaks out above resistance. This setup is valid as long as the resistance level holds and no breakout occurs. Always wait for confirmation before entering a trade
Short
by erdenemunkh731
1
Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.4406 Why we like it: There is an overlap resistance level. Stop loss: 1.4486 Why we like it: There is a pullback resistance level. Take profit: 1.4299 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
1
USD/CAD trend at the beginning of the week - up or down?USD/CAD news: 🔆USD/CAD is currently at the resistance level of 1.4230 as the USD shows signs of rebounding in the US trading session. However, the outlook for the US dollar is weakening as the possibility of a Fed rate cut increases. The weakness of this pair is due to the weaker US dollar following the gloomy US economic data. 🔆In addition, the US 10-year bond yield is still maintaining its bearish momentum. With a decrease of 0.38% on the day Personal opinion: 🔆USD/CAD is still maintaining its bearish momentum. The 1H chart is forming a Bearish Flag. The bearish flag pattern shows that many investors are taking profits after holding back the sell-off. When enough accumulation, the sellers will gather strength to push the price out of the lower price channel, pushing the price back to the old trend. Plan: 🔆 Price Zone Setup: 👉Sell USD/CAD 1.4228– 1.4248 ❌SL: 1.4290| ✅TP: 1.4180 – 1.4140 – 1.4100 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
The Three Black Crows Pattern: Trading PrinciplesThe Three Black Crows Pattern: Trading Principles Various candlestick and chart patterns indicate potential market reversals. One such formation is the three black crows pattern that indicates a potential bearish reversal in the price of an asset. You can find three black crows stock, commodity, and forex patterns. This FXOpen article will help you understand how such a pattern is formed, explaining how it can be used to spot trading opportunities in the market and demonstrating live trading examples. What Are the Three Black Crows? The three black crows is a bearish candlestick pattern used in technical analysis to signal a potential reversal of an uptrend. It consists of three consecutive long bearish candlesticks that occur after a strong upward trend. The pattern suggests that the momentum has shifted from buyers to sellers, indicating that a downtrend could be about to begin. Key Characteristics: - Three Consecutive Bearish Candles: The pattern is composed of three long bearish candlesticks that open within the body of the previous candle and close near their lows. - Appears After an Uptrend: The pattern typically forms after a prolonged uptrend, signalling a potential shift in market sentiment. - Declining Price with Minimal Wicks: The candles should ideally have small upper and lower wicks, showing that the sellers controlled the market throughout the session. - Steady Decline: Each candlestick in the pattern opens higher than the previous candle’s close but then reverses to close lower. Psychological Interpretation The pattern reflects a growing bearish sentiment among traders. Each successive bearish candlestick suggests that sellers are taking over, and buying pressure is weakening. This gradual increase in selling activity is often interpreted as a sign that the market could be heading for a downturn. How Can You Trade the Three Black Crows Chart Pattern? The three black crows formation has general trading rules. They can be modified depending on the timeframe, market volatility, and risk tolerance. Entry Once the formation is confirmed with the third long red candle and additional indicators, traders enter a short position below its low. Take Profit The pattern doesn’t provide specific take-profit targets. Usually, traders use other technical indicators and strong support levels to determine a suitable take-profit point. Some traders set the take-profit order with regard to the risk-reward ratio, say 1:2 or 1:3. Stop Loss The theory states that a stop-loss order can be placed above the first candlestick’s high to potentially limit losses. Moreover, it should be based on the trader's risk tolerance and trading approach. Live Market Example The above example shows the formation of the three black crows’ pattern on a weekly chart of the EUR/USD pair. When the pattern formed, the relative strength index had just left the overbought zone, confirming a potential trend reversal. A trader could go short after the third long bearish candle at 1.42550 and place a stop loss near above the first pattern’s candle (at 1.51763). The profit target could be set at the next important support level of 1.23378. It took six months for the price to reach the target level. ​​Practical Trading Strategies Using the Three Black Crows Pattern Now, let’s look at two specific 3 black crows trading strategies. MACD Strategy The combination of the three black crows candlestick pattern and the MACD crossover offers traders a strong signal of a bearish reversal after a bullish movement. The three black crows formation suggests weakening bullish momentum, while the MACD crossover confirms the shift in momentum from buyers to sellers. Together, these indicators increase the likelihood of a sustained downtrend, offering an opportunity for traders to enter the market with greater confidence. Entry - Traders observe a bearish MACD crossover within a few candles of the three black crows, either just before, during, or just after. - Both conditions (pattern completion and MACD crossover) are typically met by the close of the third candle, signalling a potential opportunity for a sell trade. Stop Loss - Stop losses might be placed just beyond the swing point before the three black crows pattern to potentially protect against false signals. Take Profit - Traders often set take-profit targets at a risk-reward ratio, such as 1:2 or 1:3, to lock in potential returns. - Alternatively, profits might be taken at key support levels where the price may reverse. - Another option might be to exit the trade upon observing a bullish MACD crossover, signalling the end of the downtrend. HMA Strategy Using two hull moving averages (HMA), one set to 20 and the other to 50, provides traders with an extra filter to confirm that a downtrend is beginning following the three black crows pattern. The three black crows indicate a potential bearish reversal, but a cross of the 20-period HMA below the 50-period HMA helps confirm the strength of the downtrend. HMAs are used as they are more responsive to trend shifts than other moving averages. Entry - Traders look for a bearish crossover where the 20 HMA crosses below the 50 HMA within a few candles of the three black crows. - Both the pattern and the HMA crossover typically confirm the start of a downtrend, allowing traders to enter a short position. Stop Loss - Stop losses might be set just above the swing high before the pattern. - Alternatively, they might be placed above one of the HMAs, depending on the trader’s risk tolerance and desired level of protection. Take Profit - Take-profit targets might be based on a risk-reward ratio, such as 1:2 or 1:3. - Traders may also take profits at a known support level where price reversal is likely. - Another potential exit point is when the HMAs cross over again, signalling the end of the trend. Three Black Crows vs Three White Soldiers The three white soldiers candlestick pattern is the opposite of the three black crows. It is a bullish reversal setup that traders commonly use to identify the potential end of a prior downtrend and the start of an uptrend. It consists of three consecutive long bullish candlesticks with highs and lows higher than the previous ones and with little or no wicks. It suggests that the buyers have taken control of the market and that the price will likely continue rising. The candles together create a formation that resembles three soldiers marching in a bullish direction. This formation is usually considered a strong bullish signal when it appears after a prolonged downtrend, in contrast to the three black crows formation, which indicates a strong potential bearish reversal. Traders often use it as an indication to enter long positions, with a stop-loss order placed near the bottom of the pattern. Confirmation Tools Confirmation tools can help traders ensure that the 3 black crows candlestick pattern signals a true bearish reversal rather than a short-term pullback. Here are some key tools to consider when confirming the pattern: - Volume Increase: A spike in selling volume during the formation of the three black crows can confirm heightened pressure and a stronger likelihood of a trend reversal. - Momentum Indicators: Tools like the Relative Strength Index (RSI), MACD, or a Stochastic Oscillator can show a shift in momentum. An overbought RSI, a bearish MACD crossover, or bearish Stochastic divergence may reinforce the bearish signal. - Support Level Break: Watch for a break below a key support level after the three black crows form. This can further validate the downtrend, indicating that sellers are gaining control. - Bearish Candlestick Patterns: Additional bearish patterns, such as engulfing or dark cloud cover, emerging after the three black crows, can reinforce the likelihood of a sustained downtrend. - Moving Averages: A cross of a short-term MA below a long-term MA can offer further confirmation of a bearish reversal. Common Mistakes When Trading the Three Black Crows Pattern In 3 black crows trading, it's common to make several mistakes that may lead to poor results or false signals. Here are key pitfalls to watch out for: - Ignoring Volume: Failing to check for a rise in volume during the formation of the three black crows can lead to misinterpreting the pattern. Low volume may indicate weak selling pressure and an unreliable signal. - Trading Without Confirmation: Jumping into a trade as soon as the pattern forms without using additional confirmation tools like momentum indicators or support breaks can increase the risk of a false reversal. - Overlooking Market Context: The three crows candlestick pattern works in specific conditions. If the pattern appears in a sideways or range-bound market, it may not signal a true trend reversal, leading to misinterpretation. - Setting Tight Stop-Losses: Placing stop-loss orders too close to the first candlestick’s high can result in early exit due to market noise. Proper risk management with room for fluctuations is essential. - Neglecting Trend Strength: Ignoring the strength of the prior uptrend may lead to premature trades. The pattern is believed to be the most effective after a prolonged uptrend; using it in weak trends can result in false signals. Final Thoughts The three black crows pattern is a powerful bearish reversal signal that can help traders identify potential downtrends after a sustained uptrend. By understanding its formation, confirming the pattern with additional technical indicators, and implementing sound risk management strategies, traders can incorporate this pattern into their trading plans. However, as with any trading strategy, patience and proper confirmation are key to avoiding false signals. Once you have practised identifying the black crows, consider opening an FXOpen account to start your trading journey! FAQ What Do 3 Black Crows Mean in Trading? The 3 black crows’ meaning refers to a candlestick pattern signalling a bearish reversal. It consists of three consecutive long bearish candlesticks following an uptrend, indicating that sellers are taking control of the market. This pattern suggests a potential shift in momentum from bullish to bearish, meaning the price is likely to decline further as selling pressure increases. What Do Three Black Crows Indicate? The 3 black crows’ candlestick formation, after a prolonged uptrend, indicates a potential downside reversal. It means that sellers are taking control, and the price will likely trade downwards. What Is the Success Rate of the 3 Black Crows? The success rate of the three black crows pattern varies depending on market conditions, timeframe, and confirmation tools used. While it is generally considered a reliable bearish reversal signal, traders often use volume, momentum indicators, and support level breaks to confirm the pattern and improve success rates. What Is the Meaning of Identical Three Crows? The identical three crows is a variation of the traditional pattern. In this case, the three bearish candles open at the close of the previous candlestick, showing even stronger bearish pressure. This variation suggests that sellers are overwhelming buyers consistently, signalling an even more pronounced reversal. How Do You Trade Three Black Crows? To trade the 3 black crows pattern, traders wait for confirmation of a bearish reversal after the three consecutive down candles in an uptrend. They enter a short position once the pattern is completed and confirmed by additional indicators like increased volume or a break below support. They may place a stop-loss order above the high of the first candle and target key support levels below for profit-taking. Traders always manage risk carefully by using stop-losses and monitoring market conditions. Are Three Black Crows Bullish? No, the three black crows pattern is not bullish; it is a bearish candlestick pattern. It signals a potential reversal from an uptrend to a downtrend, indicating that selling pressure is starting to overwhelm buying pressure. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
USDCAD...PULLBACK OR REVERSAL? Hello TradingView family! Hope you guys are all doing fantastic! Just wanted to come on here and provide some insight for you guys on USDCAD based on my 13 years of experience in these markets and with technical trading...SO let's dive in! OK so I am going to keep it very simple on this post for what I may see for USDCAD. You know what...lets go old school and do some bullet points for my bias...HERE WE GO 1. Failed to break multi year highs around 1.46800 zone of price (although it tried coming as high as 1.47800) 2. Gave a fake out (false breakout) above these highs 3. Very strong response from the seller (I like to say BOOM or BAM!) 4. #1 sign of a reversal is power/strength (which those sellers displayed) 5. Buyer has struggled to respond to that seller move (showing the seller dominance) 6. Fib retracement alignment/ Fib extension alignment (with a downward move happening) 7. New zones of supply created etc...etc...etc. I think you guys can see my point :) Lots of confluence! Lots of momentum! Lots of seller...stuff! SO what is next as a analyst/trader? WAIT...a traders least favorite word lol We must wait to see how this pullback (if we get one) comes in to show us the true dominance of the seller and the buyers showing us they are slowing down...because TECHNICALLY price is still in a uptrend...BUT my bias lies behind this being a REVERSAL...keep your eyes out! IF you guys enjoyed show some love boost this post, follow my page & comment if you'd like! Looking forward to the next time & hope this gives you all some good nuggets to use! Cheers!
Short
by JosePips
2
Could the Loonie bounce from here?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.4140 1st Support: 1.4073 1st Resistance: 1.4245 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.
Long
by ICmarkets
1
USDCAD H4 I Bearish DropBased on the H4 chart, the price is approaching our sell entry level at 1.4317, a pullback resistance that aligns with the 23.6% Fibonacci retracement. A rejection at this level could drive prices lower toward our take profit at 1.4241, an overlap support. The stop loss is set at 1.4398, a pullback resistance that aligns with the 38.2% Fibo retracement. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
Short
by FXCM
Bearish reversal off 50% Fibonacci resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci and could reverse from this level to our take profit. Entry: 1.4468 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.4594 Why we like it: There is a pullback resistance level. Take profit: 1.4356 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.4469 1st Support: 1.4356 1st Resistance: 1.4595 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.
Short
by ICmarkets