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USDCAD trade ideas

USDCAD SHORT FORECAST Q2 W20 D16 Y25USDCAD SHORT FORECAST Q2 W20 D16 Y25 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. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Intraday breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅4 Hour order block ✅4 Hour 50 EMA 🔑 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
Short
by JCFRGNT
USDCAD: Bullish Wave on the Horizon?USDCAD: Bullish Wave on the Horizon? From early April to early May, USDCAD moved within a broad accumulation pattern without a clear direction. However, in the past week, the pair made its first bullish wave, climbing nearly 260 pips. Now, USDCAD appears to be accumulating once again, potentially setting up for another bullish wave. If this momentum continues, the price may extend toward the 1.4100 and 1.4200 levels. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
7
USDCAD Is Bullish! Long!The USD/CAD exchange rate consolidated near 1.3980 during the European trading session, after the Canadian dollar (CAD) came under pressure due to falling crude oil prices, enabling the pair to recover earlier losses. Given that Canada is the largest crude oil exporter to the U.S., declining oil prices typically dampen CAD sentiment. USD/CAD is displaying a complex technical trend. On the daily chart, the price is currently consolidating around the 1.3980 level. The pair has rebounded from a recent low of 1.3749 and is now attempting to break through the key psychological barrier of 1.4000. If it can surpass both the 1.4000 psychological level and the 1.4050 resistance, further upside toward 1.4150 could be possible. On the downside, key support lies at 1.3890 (the lower edge of the recent consolidation range) and 1.3749 (the recent low). you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Long
by HilaryBloomer
1
Long trade 1Hr TF overview 30 TF entry 🟩 Buyside Trade Log 📈 Pair: USD/CAD 🏷️ Type: Intraday | Tokyo Session PM 🧠 Setup: Breakout 🆔 Trade ID: #USDCAD-0512A 📅 Date: Monday, 12th May 2025 🕔 Time: 5:00 PM 🔹 Entry Price: 1.39273 🔹 Profit Target: 1.41764 (+1.79%) 🔹 Stop Loss: 1.38991 (-0.20%) 🔹 Risk-Reward Ratio: 8.83 🔍 Reasoning: Price action context Buyside trade initiated based on Wyckoff methodology, identifying accumulation phases during the Tokyo PM session. Breakout entry was timed as price moved out of the accumulation zone, aligning with Phase D, where price begins to mark up toward higher liquidity zones.
Long
by davidjulien369
DECISION OF THE CHIEF VILLAGE BEARJust yesterday, the bears in the woods came into the city, we travelled all the way into Arkansas on AUDUSD but were later deported back to Australia after we hit a Stop loss (a rough ride I must add). Afterwards, the village Chief Bear called for a Bear meeting earlier today and I was present in that meeting. We did not like the deportation style and I could tell you that emotions were heightened in that meeting...damn!. CONCLUSION: The Village Chief Bear decided to send some mercenaries yet again into the city to scout for a flowing river full of fish and also a very nice bee hive, large enough to feed the community, and I am one of them. To carry this out, we need an FVG at a region where we observed some foul play of price. Price action demands that it will come back to that region and as such, we took our strike almost after everything SEEMS right. I am with a bag of fish just incase we get ambushed (do with this info whatever you can), I hope we won't be jailed before being deported this time.
Short
by Iron-D
1
USDCAD Is Bullish! Long! Here is our detailed technical review for USDCAD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.398. The above observations make me that the market will inevitably achieve 1.401 level. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USDCAD SELL SETUP📉 USDCAD SELL SETUP – May 14, 2025( This setup wait for the a bearish candle - might be around NY open) 🔻 Entry: 1.39094 🎯 TP: 1.38590 (🟢 50 PIPS) 🛑 SL: 1.39216 (🔴 12 PIPS) ⚖️ RRR: 1:4.1 ✅ 📍 Confluences: 🔸 Clean break + retest from support turned resistance 🔸 Price sitting just below H1 supply zone — weak bullish pressure 🛡 SL Guidance: Once price makes a new M5/M15 low, SL can be manually adjusted to 15 pips max to trail smartly and protect profit. 🎯
Short
by tradingwith_ryann