Weekly USDCAD Head and Shoulders BreakoutWeekly IBKR:USDCAD Head and Shoulders breakout on a weekly scale.
USDCAD trade ideas
SO LONG USDCAD!!!!USDCAD is currently stuck on a major resistance, but a further push up to 1.40 is being signaled on the 4h time frame
USDCAD: Confirmation PendingUSDCAD is currently trending upward. After reaching a new high and closing higher on the 4-hour chart, the pair has started trading within a horizontal range.
I’m expecting a bullish breakout above the range’s resistance. A 4-hour close above 1.3957 would indicate strong buying momentum.
If this occurs, it would confirm the continuation of the bullish trend, with the next resistance level to watch at 1.4008.
USDCAD - 4hrs ( Sell Trade Target Range 160 PIP ) 🟢 Pair Name :USD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
🟢 Key Technical / Direction ( Short )
———————————
Bearish Reversal
1.39400 Area
Reasons
- Major Turn level
- Choch Zone
- Visible Value
- Liquidity Grap
- P / M High
Bullish Reversal
1.37500 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Trend Line
- Pattern Target
- choch
USDCAD short in my IdeaAccording to my radar this Pair will go down, please trade your plan and trade wisely. This is not a financial advice.
USDCAD Buying ideaAs indicated by the drawings. There are some things we need to understand .
1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated .
2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged.
3. Observe a consolodation of different players in the market structure has been observed prior the break
4. What we expect next after an impulsive move is a corrective move.
5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.
This #1 CandleStick Chart Pattern Is My FavouriteAm always thinking about how to keep my spending costs
on consumer foods to low-cost
because if you have been reading about me
In these journals, you will know
that i like sweet milk but am running low on savings
and maybe am thinking about cutting on
this consumer good
found in retail shops both large and small
Look at the following economic data for this week
that is influencing this forex pair:
• Inflation rate year over year is projected to increase
• The core inflation rate is projected to remain flat
• retail sales month over month is projected to fall
Retail sales are looking like they will fall
meaning businesses in the retail space are struggling
to make profits.
This is because of the rise in inflation.
Look at this chart of CAPITALCOM:USDCAD
It has my #1 favourite candlestick pattern
called the rising white soldiers
If you would like to learn more about candle
stick patterns
check out Steve Nisson’s book on candlestick charting
does this mean am a chartist?
Yes being a chartist will give you
an edge in the market but
you can also hang on to trend analysis
such as the rocket booster strategy
if you would like to learn more
about the rocket booster strategy
check out the references below.
Rocket boost this content to learn more
Trade safe.
Disclaimer: Trading is risky please learn risk
management and profit
taking strategies
because you will lose money whether you like it or not
USDCAD risk shortStill checking historical resistance.
It’s super risky, but I have a short idea with small risk.
USDJPY and USDCHF have some resistance, so there’s a possibility that they could work here.
30-mins USD/CAD: Bullish Momentum Meets Multiple TopThe Golden Cross of the 20 MA breaking above the 60 MA is a strong bullish indicator for USD/CAD. The RSI is overbought and the price formed a multiple top pattern around 1.3955, meaning a correction is not impossible. If the price holds above 1.3911 (38% Fib) the up trend might extend above 1.40.
USDCAD: Massive Breakout is Coming?! 🇺🇸🇨🇦
USDCAD is testing a significant weekly horizontal resistance cluster
based on the highs of 2022/2023/2024.
With the current fundamental sentiment, probabilities
will be high that we will see a breakout attempt of that.
A weekly candle close above will confirm a violation.
It will open a potential for more growth.
Get ready.
❤️Please, support my work with like, thank you!❤️
USDCAD: Waiting For ConfirmationUSDCAD is currently in an upward trend.
After reaching a new high and closing higher on a 4-hour chart, the pair began to trade within a horizontal range.
I am anticipating a bullish breakout above the range's resistance.
A close above 1.3957 on a 4-hour candle will show the buyers' strength.
If this happens, it will confirm a continuation of the bullish trend.
The next resistance level to watch for is at 1.4008.
Morning scenario for USDCADWe see repetive rejection from resistance zone
Targeting Short SL first step, than go for prev day low liq.
USDCAD INTRADAY TRIPLE TOP?Price is tending to form a triple top pattern in H4 timeframe! We expect a correction to the sell side one more time. Our shorterm sell target is 1.37990
Bullish for USDCAD. Good support zone at this area. An inducement has occured and woud only be fair to look for a clean entry position .
USD/CAD "The Loonie" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist USD/CAD "The Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 1h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
USDCAD, Is An upward movement on the way ?Hello Traders, Hope you are doing great.
for upcoming days, Based on Fundamental and technical analysis, we'll probably see an upward correction to Specified Blue dashed line. so with a proper trigger we can open a Long position.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
USD/CAD 4H Bearish Double Top with RSI Divergence Trade SetupUSD/CAD 4-hour chart is forming a bearish double top pattern near a resistance zone, signaling a potential reversal. The RSI shows bearish divergence, with the price making higher highs while RSI trends lower, indicating weakening upward momentum. This setup suggests that a bearish move is likely if the price breaks below the key support level at 1.38138, which is the designated sell entry level in the plan. The stop loss is set above the double top, at 1.39624, to protect against a breakout above resistance.
For targets, Take Profit Level 1 is set at 1.36665, while Take Profit Level 2 is positioned at 1.35443, aligning with lower support levels that could serve as points for a potential reversal or pause in the downtrend. The plan projects the double top breakdown using a red line labeled "Projection of DT," indicating the estimated move downward if the pattern completes. This trade strategy utilizes confluence between price action, RSI divergence, and a clear breakdown structure to establish a high-probability short trade setup.
Read the USDCAD MarketLet's Look at USDCAD Chart and Read The Market From Highest Scale to the Lowest, and find some trade opportunities for next Days, Good Luck With Your Trades <3
Waiting for US data later on this week.Waiting for a clearance of one of the key areas discussed in the video. Take a look and let me know what you think.
EASYMARKETS:USDCAD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
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. easyMarkets 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.
USDCAD SELLSPrice already in a distribution ready for the drop. I see that zone as LPSY (Last point of supply)
USDCAD POSSIBLE BUY OPPORTUNITY!!!!Price currently trade at 1.39187 a buy opportunity is envisaged once price surges higher to 1.40329 (breakout level) our target is at the price of 1.41521
Usdcad for buy.Price brokeout of major resistance zone and retested it. It formed double bottom like pattern. Wait for retest and go long.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.38600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.38600 support and resistance area.
Trade safe, Joe.
