USDCAD - LONG 1- HH and HL
2- consolidation phase
3- price more likely to go up and test weekly resistance level
USDCAD trade ideas
USDCAD: Triangle Formation Poised for a BreakoutUSDCAD appears to be consolidating in the form of a triangle pattern. Based on my wave count, the pair is currently completing Wave D within the structure. And, after Wave E concludes and there is a confirmed break above Wave B, I anticipate further upward movement.
Triangles often signal a pause in the market before a continuation of the prevailing trend. In this case, the bullish breakout scenario aligns with the broader market dynamics.
Should monitor the completion of Wave E and watch for a decisive breakout above the resistance formed by Wave B, as this will confirm the upward trajectory and provide an opportunity for long positions.
USDCAD 3 month BulltrainIs the massive bull run ever going to stop as USDCAD is at a 5 year high? 3 rejections after attempts to create new highs on the 1 HR chart. RSI is losing strength as the price soars above the 200 SMA. Will USD maintain this bull train or is there going to be a change of season after the holidays? SELL! SELL! SELL!
*Trading is Risky*
Any and all liability is claimed by the trader. Do not risk more than you are willing to lose. Do not take unnecessary risks and look before you leap.
Thu 26th Dec 2024 USD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. Jim
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4347 which is a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement.
Stop loss is at 1.4290 which is a level that sits underneath a pullback support.
Take profit is at 1.4429 which is a multi-swing-high resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
correctionIt is expected that the correction trend will form up to the specified support range. Then, given the price behavior in this range, there is a possibility of the beginning of the upward trend
USDCAD Analysis:USDCAD has been trending strongly upwards over the past 3 months, with price action indicating a potential push towards the weekly high to seek liquidity. Notably, the previous resistance level has flipped into support, providing a bullish foundation.
From a fundamental perspective, the latest COT report reveals that non-commercials are aggressively selling their Canadian dollar positions. Given the USD/CAD pairing, a weaker CAD suggests further upside potential. As a result, we may witness more explosive moves to the upside in the USDCAD pair.
USD/CAD H1 | Falling to multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4350 which is a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement.
Stop loss is at 1.4290 which is a level that sits underneath a pullback support.
Take profit is at 1.4430 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
usdcad long/short conditional order
USDCAD LONG/SHORT
It is a conditional order
when we break down stop loss of long order wiil be trigged and short conditional order will be trigged
💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
It is a conditional order
when we break down stop loss of long order wiil be trigged and short conditional order will be trigged
USD/CAD 4H Timeframe AnalysisUSD/CAD 4H Timeframe Analysis
Trend Analysis:
The USD/CAD pair remains in an uptrend on the 4-hour timeframe. The price recently broke above the minor key resistance at 1.4400, forming a strong bullish candle that closed above this critical level. However, an inverted hammer followed, signaling potential market hesitation and a possible reversal. The price entered a manipulation phase, moving lower to grab stop-loss orders below the minor resistance level before showing signs of recovery.
The trendlines plotted for key support and resistance levels suggest potential opportunities for reversals or breakouts in either direction.
Price Action Expectation:
Our objective is to wait for the price to break above the minor key resistance at 1.4400 again, confirming bullish continuation:
Entry Plan: Place a buy stop order at 1.44020 to ensure entry upon confirmation of the breakout.
Stop Loss: Position below the liquidity grab at 1.43340 for risk management.
Take Profit: Target the next resistance at 1.45400, yielding a favorable risk-to-reward ratio of 2:1.
Fundamental Insights:
The US Dollar (USD) regains some positive traction after Friday’s pullback from a two-year high, buoyed by the Federal Reserve’s hawkish shift, signaling a slower pace of rate cuts in 2025. This outlook supports elevated US Treasury yields, providing a tailwind for the greenback.
Conversely, the Canadian Dollar (CAD) continues to face pressure due to domestic political uncertainties and the Bank of Canada’s dovish stance. The BoC recently projected slower growth in Q4 and highlighted concerns about potential new tariffs on Canadian exports to the US, creating an unclear economic outlook. Moreover, Statistics Canada reported weaker-than-expected retail sales for October and stagnation in November.
However, an uptick in crude oil prices lends some support to the commodity-linked CAD, potentially capping USD/CAD’s upside.
News Consideration:
Later today, the Canadian GDP m/m report is scheduled, with a forecasted growth rate of 0.2%. This release could significantly impact the USD/CAD pair, as any deviation from the forecast may trigger volatility.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 1.44020
Stop Loss: 1.43340
Take Profit: 1.45400
Additional Considerations:
Key Levels: Monitor price behavior around 1.4400 and 1.43340, as these levels will guide short-term direction.
Risk Management: Use proper position sizing to maintain a favorable risk-to-reward ratio, considering the potential volatility from the GDP release.
Conclusion:
USD/CAD shows bullish potential if the price confirms a breakout above 1.44020. The fundamental backdrop supports USD strength, while CAD remains vulnerable to political and economic concerns. Watch for price confirmation and market reactions to the GDP release to optimize trade execution. Targeting the 1.45400 resistance level offers a compelling opportunity, provided risk is managed effectively.
USDCAD Will Move Higher! Buy!
Please, check our technical outlook for USDCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.437.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.445 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
USD/CAD - Buy Limit Opportunity at Key Liquidity ZoneUSD/CAD has swept liquidity below a significant support level, creating a high-probability buy limit setup. This price action suggests that the market has absorbed selling pressure, signaling a potential bullish reversal from this zone.
Key Observations:
Liquidity Grab: A dip below a key support level cleared stop-losses, trapping sellers and setting the stage for a bounce.
Market Structure: Early signs of bullish rejection and a shift in momentum suggest a recovery is imminent.
Optimal Entry: A buy limit at targets the liquidity zone for a potential upward move.
Trade Plan:
Entry: Buy limit at , anticipating a bounce from the liquidity zone.
Stop Loss: Below the recent liquidity sweep to manage risk effectively.
Take Profit: Targeting resistance levels around to capture the bullish move.
Risk Management:
This setup takes advantage of liquidity dynamics for a strategic entry, but disciplined risk management is key. Keep position sizing appropriate and monitor price action for additional confirmation of bullish intent.
USD/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
USD/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.418 area.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD Reversal Imminent, Downside ExpectedHello,
FX:USDCAD is currently at a 1-year high of 1.44672, but despite the present movement, a significant downside is anticipated, and a reversal seems imminent. However, confirmation from the 1-week pivot point (PP) is still needed, as it has been acting as support so far. If resistance isn't confirmed for a bearish reversal, the price may test the March 2020 high of 1.466. Either way, a downside move is expected, whether after the first or second scenario.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USDCAD SHORTCOT: About OK.
Overvalued, long team around mean.
Seasonality is okey until end of January.
Use proper risk managment, dont be so greedy.
Good luck, I hope we will make money from it.
SupplyDemandTechnology.
USDCAD trade analysis / ascending channel + symmetrical triangleUSDCAD got the buy bias. Been checking it for trend indicators, all indicating for buys. As noticeable, it's been slowing down, creating what looks like mostly consolidation. But in the midst of it all, there is most importantly other patterns like an ascending channel and a symmetrical triangle. After combining these ideas, my best guess is to buy. Buy limit is set right above symmetrical triangle pattern with stop loss below the mid-zone of the triangle, and take profit is set right below the current terminal of ascending channel.
Forex trading+The 3 Step Rocket Booster StrategyAm from trying to record a video
but for some reason my voice is low
and am not sure what it is..
-
Maybe am not feeling well,
or I have a cold.
-Anyway I wanted to share with you
this forex pair CAPITALCOM:USDCAD
Which is following the rocket booster
The rocket booster strategy has 3 steps:
Step#1: The price is above the 50 EMA
Step#2: The price is above the 200 EMA
Step#3: The price has to gap up
Now the price gap up, could also be a rally
or when the price is generally
at a new 52 week high.
Its at this point that the price action
finds support
At this support level is your entry opportunity
before another gap occurs in the future.
Rocket boost this content to learn more
Disclaimer: Trading is risky
please learn risk management
and profit-taking strategies.
Also feel free to use a simulation trading tool
before you trade with real money.
Not looking good for the Can DollarThe Trudeau effect has DESTROYED the Can Dollar.
The US Dollar has broken out above this major arc (or dome) -- and continues to climb upward in this major channel.
For the Canadian dollar to rebound, a break below this channel would likely mean good things.
USDCAD Scenario 1.1.2025In this market, I only see that if we maintain the monthly level around the price level of 1.43 and if the price wants to head towards this level, we will watch the sfp below the low and there a possible entry into long at the price where the next monthly level is located at the price of 1.45800.
USDCAD SHORT?… 31.12.2024What’s up traders! 😎💰
Would like to know what your thoughts are on USDCAD…
The USD/CAD pair is currently trading below a KEY RESISTANCE area. Expecting a 30 pip drop in the next coupe of hours.
Don’t forget to like and share your thoughts as well
Adam & EVE Pattern - USD/CAD - Market Insights & ExpectationsGreetings Everyone,
Today, we will be taking a quick look at the USD/CAD pair and project potential future price action.
Disclaimer: Please note that this analysis is based on the monthly time frame, and like all projections, outcomes are not guaranteed.
This is not financial advice .
On the chart, you’ll notice the highlighted Adam and Eve pattern, which we'll be discussing in detail.
What is the Adam and Eve Pattern?
The Adam and Eve pattern is a reversal chart pattern often seen in technical analysis. It indicates a potential trend reversal, typically from a bearish to a bullish trend. The pattern is characterized by two distinct bottoms:
1. Adam (First Bottom):
Sharp, narrow, and "V-shaped."
Reflects a rapid sell-off and recovery.
2. Eve (Second Bottom):
Rounded and broader than Adam.
Suggests gradual price stabilization and accumulation.
What does this mean for Canadians?
Summary
- Imported goods will become even pricier for Canadians.
- US nominated investment position will yield better returns. Ie. USD Savings Accounts, US ETFS ie. SPY, QQQ.
- Canadian Corps. that exports good will be benefactors of a higher us dollar.
Thank you for stopping by!
Best,
CL
Trading Idea: USD/CAD 15min Short SetupThis setup leverages Smart Money Concepts (SMC) on the 15-minute timeframe for a high-probability short.
Key Details:
Entry: Retracement into a Fair Value Gap (FVG) within the discount zone after a bearish Market Structure Shift (MSS).
Target (TP): 1.43345, aligned with Sell-Side Liquidity (SSL) below a key swing low.
Stop Loss (SL): Just above the FVG or last lower high, maintaining a favorable risk-to-reward ratio of at least 1:3.
Confluences : MSS confirmation, FVG in a discount zone, and liquidity targeting.
Trade Management: Move SL to breakeven upon significant bearish momentum or halfway to TP.
Disclaimer:
For educational purposes only. Perform your own analysis before trading.
