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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

GBP/USD Short, NZD/USD Short and USD/CAD LongGBP/USD Short Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry. Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
USDCAD - accumulating orders .. early Jan 2025Since late Sep, this pair has been moving strongly to the up side. Most of the retracements have been weak and shallow. But for the past 10 days, we have been witnessing a more persistent consolidation. Let us study the chart on the H4 time frame too: Note that there was 1 single H4 strongly bullish candle and since then more than 45 candles have been unable to break the high or low of that mother candle. These are commonly known as 'inside bars' or candles. Obviously, at some point a breakout will happen. Since the preceding trend was bullish, a break out to the upside is more likely. However, that cannot be taken for granted. I would suggest that this chart be monitored on the H4 time frame and traded in the direction that PA indicates. At this time, my own bias is bullish, so if I start seeing more strength and momentum with the bulls, I will consider taking a test long trade (50% position size) either at the bottom of the range or if price bounces up from the 20ema. Additional position(s) can be added if PA dictates. We do have room at least to 1.4510 before we see some resistance. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
USDCAD: political crisis and tariff crisis in Canada!The USDCAD currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. The correction of this currency pair towards the demand zones will provide us with the next buying position. The political crisis surrounding Justin Trudeau is deepening, with an increasing number of Liberal Party members publicly calling for the Canadian Prime Minister to step down and allow a new leader to take charge before the 2025 elections. Chad Collins, a Member of Parliament from Ontario, stated that nearly 50 elected Liberals are part of a growing group advocating for Trudeau’s resignation. Other Liberal opponents have reported similar numbers, representing approximately one-third of the 153 Liberal MPs in the House of Commons. The resignation of Chrystia Freeland, Trudeau’s influential Finance Minister and longtime deputy, has been a significant blow to the Prime Minister. Collins remarked that this resignation has caused irreparable harm to Trudeau. Freeland explained that she decided to resign after being informed of a reassignment within the cabinet. She mentioned that Trudeau informed her of the decision only three days before an important speech intended to update the nation on its financial and economic status. Criticizing Trudeau’s leadership, Collins said, “I don’t know who is advising him, but I can guess. This advice is far from effective. Ultimately, he is responsible for his decisions, and we are now witnessing consequences that many consider to be a clear demonstration of poor judgment.” Trudeau, now 52, has been under mounting pressure to resign for months. In June, the Liberals lost a by-election in a Toronto district they had held for decades. Similarly, they lost another seat in Montreal in September. However, Freeland’s resignation, amid economic threats posed by Trump’s incoming administration, has turned discontent into a full-blown crisis for Trudeau. The Prime Minister has canceled all of his usual year-end television interviews. Collins warned that more Liberals would exit politics if Trudeau insists on staying in power. Meanwhile, Ian de Verteuil, an equity strategist at CIBC Capital Markets, discussed Donald Trump’s tariff threats against Canada in an interview with Bloomberg. He argued that Trump’s threat to impose sweeping tariffs on Canadian imports on his first day in office could hurt American consumers and is unlikely to proceed without major revisions. De Verteuil emphasized that Trump should be taken seriously, though not always literally. He added that Trump’s slogan, “Make America Great Again,” would be put to the test if a 25% tariff were imposed on Mexican and Canadian goods. Such tariffs could harm American consumers and are unlikely to be implemented. He further noted that tariffs are unlikely to target fossil fuels or auto parts from Canada, given the U.S. economy’s heavy reliance on these imports. However, companies exporting consumer goods such as clothing and vehicles to the U.S. are at greater risk. De Verteuil also highlighted that Mexican companies exporting goods to the U.S. would face more significant impacts, as Trump’s border concerns primarily focus on America’s southern neighbor. In conclusion, he stated that Canada remains a vital trade partner for the U.S., and major challenges for Canada in 2025 are highly improbable.
Long
by Ali_PSND
Step 3 "Rocket Booster Strategy" BreakdownThe number one key to happiness for a stock trader or forex trader is coffee and 2 slices of bread. This is what am from having just before sharing this awesome video lesson with you You need to watch this video because inside you will be learning: 1-The best candlestick pattern 2-A Bullish candle stick pattern 3-A reversal candle stick pattern Also if you use this chart pattern with the rocket booster strategy it will really help you alot. Rocket boost this content to learn more Disclaimer: Trading is risky you will lose money please Learn risk management and profit-taking strategies. Also, use a simulation trading tool before you trade with real money
Long
by lubosi
USDCAD Analysis: Bullish MomentumThe USDCAD pair has been extremely bullish lately, which is why it caught my attention. We can see multiple breaks to the upside, indicating a strong trend. Despite expecting a potential pullback in the near term, the overall trend remains very strong. This is why I have entered a position on the 1-hour timeframe. Using the WiseOwl Indicator, we can see that it has been capitalizing on the trend with previous wins of +3.96RR, +7RR, and +5.42RR. Currently, we are in a risk-free trade with the stop loss set at breakeven (BE). The EMAs (20, 50, 100, 200) are all aligned to support the bullish trend. Let's see how this plays out! 💪
Long
by TraderOuss_LumaNex
2
USD/CAD "The Loonie" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 1.46500 Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
USDCAD - Short + medium term direction predictionHigher Timeframe trend = Buy Retail trader bias = Sell Institutional bias = Buy Short term target = retail trader stoploss zone I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades. Also keep in mind that I am only providing my own SUBJECTIVE potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter that are part of your own plan. S : 10 C : 56,44 - 9-91 R : 28-72
Long
by Gamblers-Fallacy