Long trade Long Trade Stop Loss: Price: 1.31811 (46.8PIPS) = 0.35% Entry Price: BOS 1.32279 Target 1.38630 (643.PIPS) = 4.87% RR 13.75 Since 27th December 2023Longby davidjulien369Updated 223
USDCADI think, we might have a bounce, I'm looking at this demand as a potential buy zone Longby Mntungwa878
USDCAD looks ready to drop 200 pips The Canadian economy is significantly under-performing the U.S. economy, prompting the Canadian central bank to begin cutting interest rates. Despite this, the Canadian dollar has remained relatively strong. In addition, weak economic data from the U.S. has recently pushed the U.S. dollar to new lows. The charts indicate the potential for even lower prices, as a large descending triangle pattern has formed. This pattern suggests a drop to $1.34, although reaching that low is unlikely. Also, obtaining a good risk-to-reward ratio is possible without holding a short position to 1.34. Instead, I would focus on the $1.35 and $1.3475 levels. As always, do your own research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. Shortby ThinkMarkets7
USDCAD 1D Analysis: Anticipating a Breakout📅 Let's dive into today's analysis. We'll be focusing on the USDCAD pair in the 1D time frame. ⌛️ Long-term Range Box In the 1D time frame, we observe a large, long-term range box that spans 664 days. This box has experienced a complete High Wave Cycle (HWC) range, which is confirmed by the flat SMA99, indicating minimal slope and nearly flat movement over a long period. ♟ Key Levels Range Box Bottom: 1.31434 Range Box Top: 1.38725 Breaking either of these lines will likely initiate a new trend for the HWC. Medium Wave Cycle (MWC) Support: 1.35973 MWC Resistance: 1.37805 🪤 Momentum Indicators As discussed in yesterday’s analysis, momentum oscillators like RSI are less effective in range-bound markets. In this case, although the RSI broke the 43.14 support, the market did not gain bearish momentum because of the ranging condition. This exemplifies why RSI should not be heavily relied upon in such scenarios. 📉 Bearish Scenario If a candle closes below the 1.35973 area, we can expect the price to move towards the bottom of the range box at 1.31434. This support is crucial and could push the price back to the top of the range. 📈 Bullish Scenario Conversely, if the price breaks above 1.37805, it may move towards the top of the box at 1.38725. However, this move is less likely due to the weakness observed in the green candles, indicating weaker buyer strength. 🔍 Candle Analysis Examining the candles shows that reaching the top of the range box takes significant time, with small green candles. Conversely, reaching the bottom of the box from the top happens quickly with strong red candles. Given the weak green candles in the latest upward move that didn't even reach the top of the box, the likelihood of a downward breakout is higher. 🎯 Target Levels In case of a downward breakout, switching to the weekly time frame helps identify important levels: First Target: 1.30183 (0.5 Fibonacci level) Second Target: 1.27624 Third Target: 1.22926 (a very significant support for this pair) 📝 Conclusion The USDCAD pair is currently trading within a long-term range, showing weak buyer momentum and stronger bearish tendencies. A breakout from this range, particularly to the downside, seems more probable given the current market conditions. Traders should watch key levels closely for confirmation and be ready to act accordingly once a breakout occurs. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a pair you'd like me to analyze next.Shortby itsparham96112
USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : RSI - Divergence Completed " 12345 " Impulsive Waves Break of Structure Consolidation Phase as an Corrective Pattern in Short Time Frame Resistance Levelby ForexDetective10
USDCAD sells to buyUSDCAD is correcting for another push up... i am waiting for a OB mitigation to get into buys. there are a couple of zone above our current price .. those areas are our buys targetsLongby oscarposada119
Bear Flag formed USDCADAfter analyzing the past couple hours I notice the bearish flag to continue the market trend with a bear breakout. 21 & 50 are consolidating into the 200 SMA looking to cross. A recent RSI divergence shows a weakening of the flag solidifying the bearish breakout. OANDA:USDCAD Shortby TravCo0
USD/CAD Potential Long H1My view Potential Long Setup on H1 timeframe based on Technical Analysis . Good Luck and Trade WiselyLongby razoredge222
USDCAD Sell forecast USDCAD New forecast👨💻👨💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business........ Set your own SL & TP.Shortby King_CityStar_Fx3
USD/CAD Trading IdeaUSD/CAD (Forex) pair at the current moment on a 1H timeframe inside this consolidation channel/phase. Full send after a breakout to the upside. I see two possible short/sell scenarios at around 1.36786-1.37558. Golden Zone is acting like a strong resistance and at the top we have a massive supply zone.Shortby planfomo7
Yemi_FX1 | Short term buy on USDCADFrom the Daily Price printed a bullish engulf candle, dropping down to the 4H there's an impulsive move by price, currently price is in it correction phase. This provide a Short term bull move. Therefore Will be taking a RE after a retrace/pinbar/twizzer bottom/morning star formed at the third of the structure.Longby Yemi_Fx14
USDCAD: First green day, breakout traders long in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range ✅ day 2 cycle Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, this market can perform a two weeks dump and pump if setup correctly. First green day is a buy signal, reinforced by breakout traders long entered in the market. Today no catalyst news to sharply move this market, however if in the day itself I will see any form of dump and pump for a buy low, I will be more than willing to take it. Remember, tomorrow MRN on calendar! Short: secondary, although Friday closed with a little pump before to see the consolidation, there are chances for the market to go retesting the LOW. However, today, I don't see the market setting up yet. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Longby GianniPichicheroUpdated 7722
BUY USDCAD FOR FXCM BY WAQAR AHMEDUSDCAD is showing bullish momentum on higher time frame it shows a positive bullish move to its resistance and also form a bullish divergence we can expect a positive move to upward buy at 1.3638 sl at 1.3599 tp1 at 1.3678 tp at 1.3716Longby waqarAhmed12224
USDCAD ForrexThe trend is Bullish trend with Divergence. The chart is printing sideway it will be probably goes upward . Entry Point (Buy Stop):1.36530 Stop Loss:1.36241 Lot Size:0.41 TP1:1.3682 TP2:1.3711 Longby Azeem2081
Short trade Sellside 3.00 pm NY Session PM 1Hr TF entry Entry 1.36387 Profit level 1.36241 (0.11%) Stop level 1.36437 (0.4%) RR 2.92Shortby davidjulien369Updated 0
Short trade Sellside 3.00 pm NY Session PM 1Hr TF entry Entry 1.36387 Profit level 1.36241 (0.11%) Stop level 1.36437 (0.4%) RR 2.92 Thought process... Observed resistance level...target liquidity low Shortby davidjulien369Updated 0
USDCAD LONGUSDCAD IS LONG ON 1H WITH 1h bullish divergence and a series is going to be printed as the 1st hh and hl is printed on 1h. so we have placed a order at hh breakout with sl below the hl... so our target will be upto 1.37... around the 1d, and 4h reisitnace zone Longby inambari3
USDCAD ANALYSIS 2.0🚨 Trade Alert: USDCAD Bearish Flag Formation 🚨 We have identified a bearish setup in USDCAD, characterized by the following: Bearish Flag Pattern: Indicates a continuation of the downtrend. No Bullish Divergence: Supporting the continuation of the bearish trend. Entry Point: Short: At the current market price (CMP) Target Prices (TP): TP 1: TP 2: Stop Loss (SL): SL: At the recent high or the pole breakout level to manage risk Trade Summary: Short: At CMP TP 1: TP 2: SL: At the recent high or pole breakout level Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊Shortby Earn_withHassaan3
USD CAD MOVEA Bearish flag sign after a decent drawback to test the lower price range. OANDA:USDCAD Longby TravCoUpdated 0
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 1.3615 Why we like it: There is a pullback support level. Stop loss: 1.3591 Why we like it: There is a pullback support level which aligns with the 161.8% Fibonacci extension. Take profit: 1.3665 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group. Longby VantageMarkets11
USDCAD - Bullish IdeaThe dollar pair had broken it downtrend on 1H TF. The bullishness showed by RSI and break of previous LH further confirmed this stance. Entry can be take at break of last HH so that trend will be confirmed and last HL will be the the SL.Longby kiki_crypto0
USDCAD LookoutOptimistic trade indeed because we are going against the trend but i believe we are at a minor support which failed to break twice and we are in a bullish flag which might just validate our movement up. But let's wait and see.... Longby kealebogamoyo37
Short Term Bearish Then A LOUD LONG Bullish ExpectedThis pair is at a peculiar point, and that is because all of its timeframe analysis are pointing in the same direction, BULLISH. On the 1 hour, we see a little bit of a divergence, with price looking bearish. As evident from our notes to the chart, we envisage that this short term bearishness on the 1 hour is only intended to drive prices deeper into the 4 hour POI. We can see this playing out already. It is our expectation that the 4 hour zone will hold, and where that does, we hope to see some bullish reversal and the bullishness on the 1 hour resumed to align with the larger timeframes. Until then we will wait on the sidelines. I do not think it a wise decision to trade this bearish on the 1 hour. But in the event that the 4 hour chart loses it bullishness, the zone is taken outm then we will declare an "SI" (Setup Invalidated), and well pack up and leave, and look forward to the next trade setup. Always remember, NEVER FORCE A TRADE...!Longby PanzyPipsUpdated 3