180 pips potential sell on USDCADPrice is currently in a channel in the 4hrs timeframe as in my chart, if the channel holds around 1.382 we can see see the pair dropping to 1.364 zone giving around 180 pips profit...
USDCAD trade ideas
"USD/CAD: Bearish Divergence Signals Potential Reversal"USD/CAD has been in a bullish trend with no significant price correction over the past 4 weeks. Now, bearish divergence indicates a potential correction. Plan to sell on the breakout of the last higher low for confirmation of a trend reversal.
Bearish drop?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3849
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3946
Why we like it:
There is a pullback resistance level.
Take profit: 1.3750
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
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USDCAD H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 1.3833, which is an overlap resistance.
Our take profit will be at 1.3804, an overlap support level.
The stop loss will be placed at 1.3849, which is a swing high resistance level.
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USDCAD Bullish Momentum Continues: Watch Resistance at 1.387013Hello,
FX:USDCAD has experienced additional upward movement following last week’s bullish trend. Further bullish activity is anticipated until a strong resistance level is established. Exercise caution! The key resistance point to watch is 1.387013.
TradeWithTheTrend3344
USDCAD with two probabilities for 10/22/2024USDCAD with a high probability to make the decision for 10/22/2024 ✅️ :
🔸️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.
A potential Entry opportunity on USDCADLet's kick start a new Trading day with this.
Trading details/signal provided in the chart i.e.
The Entry, SL & TP
Go in with your proper risk management
Revisión Histórica sobre compra USDCAD
Uptrend is identified in 30 Min.
Last Swing from London opening is evaluated.
We evaluate higher liquidity zone remaining from London zone.
Common zone of both previous points is denoted, possible buying zone.
A possible profit zone is estimated according to percentage extensions with Fibbo.
It is evident that the price is moving away from the zone of higher demand, heading to the previously exposed zone of the London Market.
There is a moment of return to the liquidity zone, once the breakout is confirmed, it was expected to place purchases up to the 1.68 Fibbo point.
During this trade we mainly use the liquidity tools Fixed Range Volume Profile and Anchored Volume Profile. .
These tools allow us to measure buy and sell positions not in terms of time, but in terms of price, which allows us to better analyze prices actively, and to identify areas of overbought or oversold positions, which will be exploitable at some point in the future due to the liquidation of remaining orders.
In addition to this, Fibbo is used to structurally analyze the movements and possible market returns to price.
USDCAD BEARISH??USDCAD seems to be at a premium price getting ready for sells, over the past weeks USDCAD have experienced major bullishness. Well it seems that the bullishness is coming to an end as USDCAD approaches key resistance, A major rejection confirms sells from that POI
USDCAD - Bear SentimentWe have caught lovely sell trades on USDCAD. Price is currently bearish. We are targeting 1.37880.
USDCAD sell analysis Hi dear friends how are you ?? I hope all is well Now we analyze that usdcad, as soon as we check on the monthly time frame, there is a very good sell divergence and if you look at the monthly, it is showing resistance on the double top header at the top, which is a good opportunity for sale
If you agree with my analysis please share your opinion below
Best of luck
Allah bless you
USD/CAD Buyers Push for Extended Control Amid Oil WeaknessTechnical Analysis
The USD/CAD pair remains in bullish territory, with buyers pushing the price higher amid a supportive backdrop of falling oil prices and expectations of a dovish BoC. A decisive move above 1.38190 could pave the way for further gains, while a break below 1.37970 would signal a shift in momentum. Market participants should stay alert to upcoming BoC policy announcements and U.S. economic data for cues on the next potential move.
Market Overview
On Monday, the USD/CAD pair continued to gain traction, driven primarily by two influential factors: a decline in oil prices and increased speculation that the Bank of Canada (BoC) may increase its pace of interest rate reductions.
USD/CAD "The Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
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USDCAD BUY trendExpecting this two trade to trigger later during the day maybe once London or NY open.
Overall trend is UPTREND.
You can check DXY and USDCAD have the similar movement in H4
USDCAD : Two probabilities for 10/21/2024USDCAD with a high probability to make the decision for 10/21/2024 ✅️ :
🔸️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 Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.37900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37900 support and resistance area.
Trade safe, Joe.
Idea for next week.What a great chart on point let's wait for the charts to open.The Canadian Dollar (CAD) is little changed against the USD, with spot holding close to 1.38 on the day. The CAD’s slide against the USD steadied through mid-week which was not unexpected, given the extended and sustained drop seen since the start of the month, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
CAD holds little changed near 1.38
“USD/CAD gains looked stretched relative to our fair value estimate at the start of the week and while the CAD has been able to stabilize, headwinds remain significant—especially from the cash bond and swap spread perspective where the risk of a November hold decision from the Fed and a 50bps cut by the BoC next week has driven differentials wider.”
5th Impulse wave It looks like ABC Zigzag has been completed and the price is at the beginning of the W.5 which can shoot upto to 1.3980 in the near future. However if the price is rejected again from the recent top which is at around 1.3840 then it may make complex correction therefore we should be cautious when the price hits this level.
USDCAD Will Go Higher From Support! Buy!
Please, check our technical outlook for USDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.380.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.394 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
USDCAD: Continuous Failed Break (2 year trials)Currently this pair is displaying a continuous consolidation structure, with high bullish pressure, the entire outlook is centered around an uprising triangle pattern which usually lure buyers to trade this setup. On the other hand, based on the sentiments of the week retailers are 95% base on shorts position.
In addition, the BOC have provided insight on a JUMBO rate-cut of 50 BPS ratio next week specifically on Wednesday. The implemented rate could supply more printed notes in the economy and decrease the price of the Canadian Dollars.
USDCAD have been in a Zombie phase for the past 2 years and unable to break 1.39500 point-level, could the incoming rate come with enough momentum to uplift all buyers expecting to go beyond the unbreakable level !!!
