USDCAD trade ideas
USDCAD SHORT FORECAST Q2 W24 D10 Y25🔥👀USDCAD SHORT FORECAST Q2 W24 D10 Y25
TECHNICAL HOTPICK ! 💥💥
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
💡Here are some trade confluences📝
✅4H order block rejection
✅HTF 50 EMA
✅Intraday bearish breaks of structure to be identified
✅15’ order block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot and could drop to the 1st support whcih is a pullback support.
Pivot: 1.3733
1st Support: 1.3650
1st Resistance: 1.3793
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.
USD/CAD - Channel Breakout (10.06.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.3757
2nd Resistance – 1.3792
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check the trendIt is expected that the price will consolidate above the resistance area, then the continuation of the upward trend will be possible. Otherwise, the corrective and downward trend will continue.
USDCAD - Volume Blow-Off Top?USDCAD had a quick run-up on relatively high volume but is forming a indecision Doji.
Watch to see if it is a reversal candle or whether it becomes another long green bullish one.
Buy ideaFalling wedge pattern, in a buy currently but could look to add further positions if the structure is broken where we could expect a further upwards climb. Let me know what you think! Comments and/or suggestions highly appreciated! :)
seeking liquidity to go higherwe are seeking liquidity to pair our longs with these will be found below liquidity pools we expect to close higher this week
USD/CAD – 1H Chart: Trend: Bullish Reversal in PlayUSD/CAD – 1H Chart
Trend: Bullish Reversal in Play
Technical Confluence:
🔹 Harmonic Pattern: AB=CD
🔹 Chart Formation: Falling Wedge
🔹 Momentum Signal: Bullish Divergence Spotted
🚀 A strong confluence of bullish indicators is setting up a potential reversal on USD/CAD. The AB=CD harmonic pattern aligns with a classic falling wedge breakout, supported by visible bullish divergence on the momentum indicators — all pointing to upside potential.
📌 Trade Setup:
🔹 Entry (Buy Stop): 1.37076
🔹 Stop Loss (SL): 1.36309
🔹 Take Profit 1 (TP1): 1.37843
🔹 Take Profit 2 (TP2): 1.38610
🔹 Lot Size: 0.17
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200 💸
🔹 Reward: Up to $300 💰
📊 This setup offers a clean entry with defined structure, favoring smart risk management. If price confirms the wedge breakout, we could see a sharp move to TP1 and possibly TP2.
⚠️ Always monitor price action around key levels and adjust stop-loss accordingly.
#USDCAD #ForexSetup #BullishReversal #FallingWedge #HarmonicPattern #ABCDPattern #TechnicalAnalysis #1HChart #ForexTrading #TradeSetup #PriceAction #RiskReward #DivergenceSignal #SmartTrading
USDCAD-BUY Now SetupCurrently Market has came out of Consolidation and started marking HH and HLs opening the buying Positionat HL and Expecting to hit atleast TP1 and TP2 while Setting Smart SL with proper risk managed lot size.
USDCAD Short Opportunity Description :
USDCAD is setting up for a potential short — I’m watching closely for an upthrust into the highlighted zone to initiate the position. Here’s my current read:
🔍 Technical Breakdown:
1. Trendline Break
Previous bullish trendline broken with conviction. Market structure now vulnerable to bearish continuation.
2. Volume Spike with Selling Pressure
Notable increase in volume on bearish candles — suggests smart money exiting or early sellers stepping in.
3. Anticipating an Upthrust
Watching for price to sweep the highs around 1.3695–1.3700, fail to sustain, and drop back inside range.
This would provide a low-risk entry with tight stops above the highs and 5r+ down to 1.3652, possibly even lower.
📌 Trade Plan:
Entry Zone: 1.3695–1.3700 (after upthrust confirmation)
Stop: Above 1.3710
TP1: 1.3652 (structure low)
TP2: 1.3600 (extended target if momentum builds)
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🧠 Why This Setup?
This aligns with key principles I trade:
Trendline breaks often lead to retests followed by continuation.
Rising volume on the break is confirmation, not noise.
A failed breakout (upthrust) into previous supply zones is often the "last push" before price collapses.
Let me know if you're seeing something different. This is how I’m planning to attack the chart today.
Falling towards overlap support?The Loonie is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which aligns with the 38.2% Fibonacci retracement.
Pivot: 1.3595
1st Support: 1.3434
1st Resistance: 1.3990
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.
USD/CAD 4-Hour Technical & Fundamental AnalysisUSD/CAD 4-Hour Technical & Fundamental Analysis
USD/CAD has dropped below a key support level, pressured by both technical and fundamental bearish drivers as the U.S. dollar weakens and the Canadian dollar gains strength. The 4-hour chart structure shows a potential distribution phase followed by a liquidity grab, signaling smart money manipulation before a possible continuation to the downside.
Price broke down below the minor support at 1.36800, triggering short entries. However, a sharp reversal followed, hunting stop-losses and liquidating early sellers. This false breakout indicates a manipulation phase, where price seeks liquidity before choosing direction.
If the price closes below 1.36700 with a solid 4H candle body, it confirms bearish intent and opens the door for a continuation down to the next key support, aligning with broader USD weakness and CAD strength.
📊 Trade Setup
📍 Area of Interest (AOI): 1.36700 (Sell on 4H candle close below)
🛡 Stop-Loss: 1.37310 (Above liquidity zone)
🎯 Take Profit: 1.34750 (Next minor support / 1:3 RR)
This setup capitalizes on institutional distribution, manipulation, and liquidity hunting behavior, providing a clear bearish roadmap.
Fundamental Outlook:
U.S. Dollar Weakness
Non-Farm Employment Change (June 6):
Actual: 139K vs Forecast: 126K | Previous: 147K
Slowing momentum in job growth hints at labor market softening, increasing the probability of a Fed rate pause.
Trade & Fiscal Pressure:
Reuters reports that 90% of FX strategists expect continued USD decline due to:
Expanding federal deficit
Unpredictable trade policy
Over $3.3 trillion added to national debt from tax cuts and stimulus packages
Canadian Dollar Strength
The CAD surged to an 8-month high (1.3665 on June 5), supported by:
Rebound in oil prices (Canada’s top export)
Optimism surrounding U.S.–China trade negotiations
A U.S. trade court blocking proposed tariffs, boosting risk sentiment
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
UCAD Bulls Look for 3rd Test After Sept. '24 Highs TouchOANDA:USDCAD Bulls were able to find support at the Sept. 2024 Highs after having traveled down a Falling Support for the past 2 months!
Now we see Bulls pushing price higher creating a Rising Support with 2 tests having been successful and currently coming down for a 3rd test!
Now Price has already broken a Previous Level of Structure which was a Past Resistance on June 4th. This level also lands right at the 34 EMA and based on the Bollinger Bands, this test will also be a Mean Reversion where Price after having traveled in one direction will revert back to the mean of the Bollinger Bands for Continuation, which in this case will be Bullish!
After the 2nd Test of the Rising Support, we can see a Massive amount of Volume enters.
Price also is trading Above the 50 on the RSI and is currently coming down to test that level.
I am looking for Price to test the 1.3683 area and if Price shows support for a 3rd Test, this will be a great opportunity for Long Positions!
Fundamentally, USD will be bombarded heavy news being CPI numbers with analysts forecasting a .2% Increase in Inflation! Also PPI, Unemployment Claims and Prelim UoM Consumer Sentiment & Inflation Expectations.
USDCAD WEEKLY OUTLOOK- HEAVILY BULISHUSDCAD - HIGH TIME FRAME BIAS IS HEAVILY BULLISH
Expecting price to drop to marked internal weekly demand zone which is ideal for long buys
Confirmation entry on lower time frames - use 2h/4h time frame as guide
USDCAD weekly overviewHello Traders,
War in Persian Gulf could change the direction of this analysis. Any conflict in the Middle ease could make out two white zones be red and suitable for shot trades. in normal situation, only 1.37732 is prepared for long trades.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
Bullish rise?USD/CAD is reacting off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 1.3691
Why we like it:
There is a pullback resistance level.
Stop loss: 1.365
Why we like it:
There is a pullback support level.
Take profit: 1.3742
Why we like it:
There is a pullback resistance level.
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USDCAD Trade Setup - 8/Jun/2025Hi Traders,
I expect this pair to go more up after finishing this correction.
How to Enter : Look for engulfing in highlighted zone.
USD/CAD H4 AnalysisUSD/CAD H4
Momentum is to the downside on the 4 hour chart.
However, with higher lows on the MACD, look for price to pullback to the trendline in the new trading week and potentially to break above.
Always trade with a tested and profitable strategy alongside good risk management.
USDCAD WILL DELIVER BY FIREThe USD/CAD trended lower in a volatile manner this week, declining 0.29% on a weekly basis, reflecting the relative resilience of the Canadian dollar supported by the Bank of Canada's (BoC) policy and economic data. The BoC maintained its interest rate at 2.75%, in line with market expectations. The BoC's concerns about Trump's tariff policies mirror the widespread anxieties among global central banks regarding the impact of trade wars. The central bank is likely to remain on hold in the short term to observe the effects of trade policies. If employment data turns out to be robust, the Canadian dollar may gain further support.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
USDCAD - Short trade continuationWas triggered in to this on Friday
As we can see we had a pool of liquidity to the left. We then had the news release of NFP.
We were tagged in and then now we are looking to take price to the previous structure lows.
As you can also see we took a lovely trade last week on USDCAD to the downside.
I am still holding 0.5% of that position alongside the current one we have just been tagged into. Very nice potential for continuation to the downside.
If you have any questions for me give me a message
