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USDCAD trade ideas

USDCAD ( TRADING BELOW TURNING LEVEL ) ( 4H )USDCAD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.375 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.375 , leading to rise that could reach the resistance level (1) 1.383 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.387 and 1.394 . Downward Zone: as long as the price remain below the turning level at 1.375 , it may drop towards the support level (1) at1.367 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.360 and 1.354 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.375 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.383 ,1.387, 1.394 . SUPPORT LEVEL : 1.367 , 1.360 , 1.54 .
Short
by ArinaKarayi
2
Bearish USDCAD Hey traders, The Canadian Dollar is looking real shaky right now. It's been on a rollercoaster, but I'm calling it: the bottom is about to fall out. Scotiabank's bigwig, Shaun Osborne, is whispering in my ear that the CAD could tank below 1.3725. That's a huge drop if you ask me. And guess what? My gut tells me he's right. Now, I know what you're thinking. "Easy to say, harder to do." But trust me, I've got my eye on this like a hawk. I'm watching every tick, every rumor. And when the time is right, I'll be shouting it from the rooftops. Want to make some serious cash? Follow me. I'll give you the heads up before everyone else. We're talking about potentially huge profits here. But remember, trading is risky. Don't put in more than you can afford to lose. Let's crush this together!
Short
by TyrusL
1
USD/CAD is heading to 1.38(8/16/2024)After a long correction from 1.395, USD/CAD finally settled on the 1.37 zone where the bullish OB and Fib 0.382 exist. in our view, the price made a falling wedge (reversal pattern) with 5 legs. yesterday the price finally broke out of the falling wedge. We believe the price will eventually reach the 1.38 zone and then 1.385. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
2
USDCAD Technical Analysis! BUY! My dear subscribers, USDCAD looks like it will make a good move, and here are the details: The market is trading on 1.3701 pivot level. Bias - Bullish My Stop Loss - 1.3664 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3758 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDCAD - Massive Checkpoint!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish, trading within the rising channel marked in blue. At present, USDCAD is undergoing a correction phase and it is hovering around the lower bound of the channel. Moreover, it is retesting a massive demand and support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDCAD is approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2
USDCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H and wait for possible reentry again * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
USDCAD Prediction is going up.1. Price Action: • Uptrend Confirmation: The recent price action suggests an ongoing uptrend. Look for higher highs and higher lows on the daily chart. • Key Levels: Identify significant swing highs and lows. These levels act as potential support and resistance. For USD/CAD, consider the following: • Resistance: The area around 1.3700 is crucial. A breakout above this level could lead to further gains. • Support: Pay attention to the support near 1.3686 (your specified stop loss). 2. Trendlines: • Draw trendlines connecting relevant swing points. An ascending trendline can help confirm the uptrend. • Observe how price interacts with the trendline. A bounce off the trendline could signal strength. 3. Support and Resistance Levels: • Resistance: Above 1.3700, watch for potential resistance at 1.3800. • Support: Alongside 1.3686, consider other historical support levels.
Long
by adriyan_junior
2