USD CAD. H1 time frame. Bearish market I am waiting for a breakout off that neckline ..
we got a bearish structure on the h1 time frame
USDCAD trade ideas
USDCAD: Day Trading Setup for Today 🇺🇸🇨🇦
USDCAD is currently consolidating within a horizontal intraday range.
After a test of the resistance of the channel, the price may drop
all the way down to its support.
As a confirmation, I see a head and shoulders pattern formation.
Target - 1.3466
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Correction A corrective trend is expected to form and after the completion of the corrective pattern, the start of the upward trend is likely. If the price crosses the support range, the downward trend is likely to continue
USDCAD Prepare for red October - November.The USDCAD pair hit both of our Targets on the July 25 (see chart below) sell signal:
The initial rebound stopped on the 1D MA50 (blue trend-line) where the price was rejected with the 1D RSI forming a pattern similar to May 2023. As a result, it is possible to see another short-term rebound but on the medium-term, we expect October and November to be another sell sequence.
The March - July 2023 fractal had two similar Bearish Legs of -4.10% each. So since the current first Leg was -3.64%, we expect the one that will follow now to be of around the same strength.
As a result we can target 1.32000 on low risk, just above the Support 1 level.
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USDCAD Buy ForecastUSDCAD New forecast👨💻👨💻
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USDCAD SELL AT PL 1.35looking for sell at PL 1.35
look for extra confirmation once the market at this zone.
since there is a news today in 4 hours.
Avoid the trade is trade is not triggered before the news.
Dont go against the trend.
USDCAD trade idea but there is a strong news so don't take risk usdcad trade idea as you can see there is a breakout of trendline and taking support from previous level
and previous daily candle closed in bearish so this trade may be risky that's why we need to wait for next week to trade
DISCLAIMER: trade idea is only for idea i don't recommend you to trade in my trade idea
USDCAD H4 Analysis And Route Map For NExt MovePair Name = USDCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bearish
Details :-
USDCAD volume Decreasing gradually. It has completed the retesting period. Exactly on the way as predicted. It will hit a strong Support level around 1.34600 to 1.34000 Price level.
Heading into 38.2% Fibonacci resistance?USD/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 1.3502
1st Support: 1.3423
1st Resistance: 1.3549
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USDCAD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.3483 which is a pullback support.
Our take profit will be at 1.3543, which is an overlap resistance close to 50% Fibonacci retracement.
The stop loss will be placed at 1.3421, a swing-low support level.
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USDCAD SHORT..... again. Price has been following a strong downtrend. I see resistance at 1.35 which is also the 61.8% fib, if price breaks out of this consolidation it could hit that roof and then drop imo. So sell limit set for 1.35
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.35 support and resistance area.
Trade safe, Joe.
USD-CAD Will Go UP! Buy!
Hello,Traders!
USD-CAD made a retest
Of the horizontal support
Level of 1.3420 and we
Are already seeing a bullish
Rebound so we will be
Expecting a further move up
Buy!
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Check out other forecasts below too!
USD/CAD BEARISH CONTINUATION There its a perfect outlook of the price right here as you can see we have a resistence zone in the weeckly timeframe that has already been mitigated and a support zone too that has been mitigated but in the past we are stel waiting for the price to reach this zone again :)
USD/CAD BULLISH FLAG PATTERNThere its a continuation to the upside in the USD/CAD more on the 1 hour timeframe we can see the price in a. better way and a better formation of the flag that when it brokes the price will potentially go all the way to the upside right now.
usdcad for a selli mean from my respective prespective, i am in for a sell, a dope wise sell, my superior conciousness made it possible for me to see my setup and go for it.
ok but from my technical prespective i see. a posibility for a sell
liquidity has been taken and also overall trend sells so lets go..
short to fill up W on bottomIm looking for short in short therm to patter which is not fill until now W on bottom in 5 min tf
USDCAD / TRADING INTO DESCENDING CHANNEL & STRAIGHT CHANNEL - 4HUSDCAD / 4H TIME FRAME
HELLO TRADERS
Trend Analysis:
1. August Price Trend:
- The price decline of 4.04% indicates a downward trend throughout the month. This could be due to various factors like market conditions, seasonal variations, or external economic influences.
2. September Price Behavior:
- The initial 1.52% rise in September suggests a possible recovery or correction after the August decline. This could indicate a shift in market sentiment or a reaction to events that occurred at the start of the month.
- The predicted 1.93% decline by the end of September suggests that the recovery was temporary and that the overall trend may continue downward. This could imply continued bearish sentiment or anticipation of adverse conditions.
Technical Analysis:
1. Current Market Condition:
The asset is under bearish pressure , As long as the price remains above 1.361, the bearish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price breaking 1.361 by closing 4h candle above it , it's expected to rise to 1.370.
- Target 2: If the price stabilizes above 1.370 , the next target is 1.374.
3. Downward Condition:
- If the price trade below 1.361 , it suggests a potential decline:
- Target 1: A decline to 1.350.
- Target 2: If it breaks below 1.350, further decline is expected to 1.344.
USDCAD: Bearish Move From Key Level 🇺🇸🇨🇦
USDCAD looks very bearish after a test of a key intraday/daily structure resistance.
The price formed a double top pattern after its test on an hourly time frame.
With a high probability, the pair will reach 1.345 level soon.
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Bearish reversal off pullback resistance?USD/CAD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3493
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3547
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 1.3421
Why we like it:
There is a pullback support.
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Why I Think USDCAD Will Continue To Sell This WeekHey Rich Friends,
I hope all is well. I think UC will continue to be bearish this week and here is what I am looking at:
- The market has already created and rejected a new swing high at 1.36475. This is a bearish confirmation for me
- Structure has been broken on the downside, confirming a bearish trend
- The 10 EMA (purple) has crossed about the 3 EMA (blue). This is a bearish confirmation for me
- The Stoch is facing down, the slow line (orange) is above the fast line (blue) and both lines are below 50, preparing to cross below 20. These are bearish confirmations for me
I will be using previous lows as potential TPs and previous high for my SL.
I hope this makes sense and helps someone! Great luck if you decide to take this idea.
Peace and Profits,
Cha
USDCAD On The Rise! BUY!
My dear followers,
I analysed this chart on USDCAD and concluded the following:
The market is trading on 1.3462 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3536
Safe Stop Loss - 1.3420
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
