As a beginner trader...It's important for you, as a beginner trader, to utilize htfs, because it's slower price action. You need to clearly decipher your overall bias and market direction. Use a ltf to look for trend.
USDCAD trade ideas
USDCAD Is Approaching The Main TrendHey Traders, in tomorrow's session we are monitoring USDCAD for a buying opportunity around 1.38900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend t 1.38900 support and resistance area.
Trade safe, Joe.
USDCAD Elliott Wave Analysishello friends
In the USDCAD currency pair, we see the formation of a 5-wave Elliott pattern.
This clear pattern consists of 5 waves.
Only wave 5 has many details and wave 3 is stretched.
Wave 5 has formed an ascending channel, and when this channel is broken and a pullback is placed on it, you can enter into a sell transaction.
The confirmation of this theory is the divergence between waves 3 and 5, and this divergence can also be seen between the microwaves of wave 5.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
I will trade it only if, I get this pullback before...reaching the old high.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
USDCAD Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3905
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3914
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Technical analysisIn case of failure, we will have the specified goals with confirmation.
We are currently considering the overall view for next week. In Pullback, we enter into a transaction with capital management. If the price is rejected, we will monitor the sales transaction.
@chart_list
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.373.
✅LIKE AND COMMENT MY IDEAS✅
Downtrend It is expected that the upward trend will end at the specified resistance levels and we will witness the beginning of the downward trend. If the price crosses the resistance range, the upward trend is likely to continue
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around USDCAD for a buying opportunity around 1.39200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39200 support and resistance area.
Trade safe, Joe.
USDCAD 4hr LongUSDCAD
🚀4hr Long🚀
💰ENTRY: 1.39302
👎STOP LOSS: 1.38910
TP TARGETS
⏰TP1: 1.39684
⏰TP2: 1.40082
⏰TP3: 1.40483
✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs.
✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles.
✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema.
This is a great example of the 123 Advanced Engulfing strategy.
USD-CAD Short From Resistance! Sell!
Hello,Traders!
USD-CAD went up sharply
And the pair is locally overbought
So after the pair hits the
Horizontal resistance of 1.3980
We will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
USDCAD forecast in 15 time frameAlthough you shouldn't forecasting in the financial markets, especially Forex , and you should make decisions according to the dashboard and fundamental and technical data, but i like to make predictions!
I think the ceiling and floor of the weekly channel and based on the growth of the SP500 index and the downward trend of the DXY index until the end of the week, I hope something like this will happen.
USDCAD / LONG / M15USDCAD may rise from the Bullish Order Block
Bullish Order Block: 1.39140 and 1.39082
USDCAD is positioned near the bullish order block, and the price has already touched this zone, suggesting potential for an upward movement. Using SMC for analysis, this setup shows high probability for profit. Let’s observe how the price reacts from this level!
USDCAD / LONG / M15
Lot :- 0.2
Entry Price :- 1.39144
Take Profit :- 1.39326
Stop Loss :- 1.38961
USD/CAD To Turn? Short Side CaseUSD strength has persisted post strong economic data.
FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping.
Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking.
Short side bias taken as Market awaits sentiment. Potential Post NFP.
USDCADWe can attempt to buy USDCAD from specified level as it makes HL , also 0.618 FIB level occur indicate that it moves upward.
SL , TP mention in chart.
USDCAD -Bearish ReversalUSD/CAD is poised for potential bearish movement. A critical level to monitor is the previous higher low; a break below this level would confirm a bearish reversal. Additionally, the presence of divergence on the chart, coupled with a break of the trendline, reinforces the bearish outlook. This suggests that the bullish momentum may be weakening, opening the door for sellers. Traders should keep an eye on these key levels for potential trading opportunities.
Long buddy!!!1.400-1.4050 is my target area for the remainder of the this week.
My price action, My 1hr time frame entry and My macd indicator all aligned for my long bias…
What is your thoughts on this pair?
Trade safely my friends
USDCAD: TIME TO SHORT?Price is slowly aproaching the weekly resistance and ir seems highly likely that price will react bearish from that zone. Either during NFp or after NFp. watch price action on lower time frame to get your entries. Good luck.
disclaimer; this is not financial advice, just my view on how the market is likely to behave.
USDCAD ForrexThe chart is printing a Bullish Trend with HH and HL with no Divergence .
The Entry point will be 1.39213 and the Stop Loss will be 1.38891
Entry Point:1.39213
Stop Loss:1.38891
Lot Size:0.43
TP1:1.39539
TP2:1.39877
