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USDCAD trade ideas

USDCAD Possible LongsM1 : Bullish W1 : Previous week low got swept and closed above, a bit of consolidation D1 : Failed to break below Friday candle 4H : Reacting from the Order Block and Market shifted from bearish to bullish 1H : over the retracement after the 4H Market structure break, we have just broked the retracement structure too indicating Bullish momemtum. Scenario : Possible Longs targeting 1:2RR Though there are no struggle area upside anymore all of them are already mitigated on the way down, price can easily break the previous high.
Long
by nptrade24
USDCAD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDCAD has been bullish trading within the rising wedge pattern in blue. Currently, USDCAD is approaching the lower bound of the wedge. Moreover, the zone marked in green is a strong demand. 🏹 Thus, the highlighted green circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower trendline acting as non-horizontal support. 📚 As per my trading style: As #USDCAD approaches the green circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
5
USDCAD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is approaching our sell entry at 1.04052, which is a pullback resistance and a 38.2% Fibonacci retracement. Our take profit will be at 1.3993, an overlap support level. The stop loss will be at 1.4087, a pullback resistance level. 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, previously FXCM EU 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.
Short
by FXCM
USDCAD Buying IdeaHello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Channel
Long
by ForexMasters2000
1
let's long USDCAD again !Keep in mind that it was Thanksgiving on Thursday in the United States, so there’s very little in the way liquidity. Canadian traders are on board, but the traders in New York and beyond as far as America is concerned are basically persona non grata. With that being said, the overall trend is to the upside, and I think that is something that you need to keep in the back of your mind. Because of this, it makes a lot of sense that we would eventually see a bit of follow through, but it’s also worth noting that we are at a major area of resistance just above. In other words, it is going to take another fundamental reason beyond what we already have for the US dollar to continue going higher.
Long
by mohammadhassanli
1
USDCAD-Trade Plan (First Week of December)Dear Traders, The price has broken below the 1.39800 level and is currently experiencing a pullback towards this zone. Buying pressure in these areas seems to have diminished, increasing the likelihood of a false breakout. The possibility of the price bouncing back from the 1.41 levels is quite probable, with a target of 1.37000 "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
Short
by alirezak
USD / CAD POTENTIAL FOR BUY OPPORTUNITIES DESCRIPTION USD/ CAD is currently bullish on bigger TF i.e. daily TF , hence my analysis here is based here on the overall swing structure of the Daily swing and ATM the price is at the daily 50 % ( premium zone. hence a potential for opportunities is there. What to look for - In small TF i.e. 4hr ,1hr, or 15 min TF look to see the bullish pattern for the buys i.e. as I have marked in the chart , I will be looking to see if the 1 hour fractal structure ( wick marked in the chart , u can see ) that has been accumulated in the Asian session to be broken and look to entry on the retest of the fractal wick .( NY session will be more ideal for entries. ) MY CONFLUENCES. Market structure belows SWING STRUCTURE OF THE MARKET. IBOS - INTERNAL BREAK OF THE STRUCTURE - SIGNALS POTENTIAL INTERNAL STRUCTURE IS ABOUT TO START / END. FRACTAL STRUCTURE OR CHoCH ( change of character ) , Again fractal structure ffocuses on wick break , shows us internal pull back is about to start or end. Always trend inline with overall swing structure , can trade on certain pullbacks offline with overall swing structure but very cautiously.
Long
by rubinGrg
USDCAD Possible LongsUSDCAD Top Down Analysis M1 : Break through the Previous Monthly High and Also took Massive Liquidity on Left W1 : Took out the Massive Liquidity of Left and Reversed Back D1 : Price pulled back to Daily IMB and Market has shifted on 4H 4H : Market Structure Shift (Bullish) Narrative : * Market has Take big liquidity on the left side on Monthly And Weekly Price Action * 4H Price has been shifted from bearish to bullish and also has retraced To 50%. Long tread possible targeting weak high
by nptrade24