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USDCAD trade ideas

#USDCAD 4HUSDCAD (4H Timeframe) Analysis Market Structure: The price is currently trading within a well-defined downtrend channel and has reached the upper boundary, which is acting as strong resistance. Previous price action suggests that sellers have been active at this level, leading to potential bearish pressure. Forecast: A sell opportunity may arise if the price fails to break above the channel resistance and shows signs of rejection. If the resistance holds, further downside movement is expected within the channel structure. Key Levels to Watch: - Entry Zone: Consider selling near the channel resistance upon confirmation of bearish rejection. - Risk Management: - Stop Loss: Placed above the channel resistance to manage risk. - Take Profit: Target lower levels within the channel, aligning with previous support zones. Market Sentiment: As long as the price remains within the downtrend channel and respects the resistance, the bearish trend is likely to continue. However, a breakout above the resistance may shift the market sentiment toward bullish movement.
Short
by PIPSFIGHTER
Inverse head and shoulders on H4USD/CAD faced strong resistance near 1.4800 last month and has recently carved out a lower high at 1.4550, Société Générale's FX analysts note. Below 1.4240, USD/CAD can fall towards 1.4150 and 1.4030 "Daily MACD is within positive territory but has dipped below its trigger line highlighting receding upward momentum. A short-term pullback is taking shape. Low achieved earlier this month at 1.4240 is first layer of support. Break below this can lead to extended down move towards 1.4150 and projections at 1.4030. Resistance at 1.4550 must be overcome to confirm further uptrend."
by EZIO-FX
USDCAD 4H Chart Analysis1. Market Structure The chart shows a bearish market structure, where price has broken a key trendline support. The price previously made higher highs and higher lows, but recently failed to continue upward and broke below the ascending trendline. This confirms a potential trend reversal to the downside. 2. Key Levels Broken Support Zone (~1.4350 - 1.4400): This level previously acted as support, but price has now dropped below it. Current Resistance (~1.4300 - 1.4320): Price attempted a pullback to this zone, but it is now acting as resistance. Target Zone (~1.4165 - 1.4180): Marked as a potential take-profit area for short positions. 3. Bearish Setup Confirmation The chart shows a short position setup, with: Entry near the pullback area (~1.4300) Stop-loss above the resistance zone (~1.4350 - 1.4400) Take-profit near 1.4165 (previous key support) The trade setup suggests a Risk-to-Reward Ratio (RRR) > 2:1, making it a favorable setup. 4. Trading Strategy If Price Retests Resistance (1.4300 - 1.4320) and Rejects → Short (Sell) Entry If Price Breaks Above 1.4350 → Invalidates Bearish Setup If Price Drops Below 1.4260 → Bearish Momentum Confirmed 5. Additional Confirmation Factors EMA 50: Price is below the 50 EMA, which supports the bearish outlook. Break of Trendline: Strong signal for downside continuation. Conclusion Primary Bias: Bearish Entry Zone: Near 1.4300 - 1.4320 resistance Stop Loss: Above 1.4350 Take Profit: Around 1.4165 Trade Confirmation: Look for rejection candles at resistance.
Short
by aziezieam
USDCAD.. SELL TRADE SETUP..Here’s a structured analysis of the *USDCAD sell trade setup, assuming the entry is near current market levels (e.g., **1.4300–1.4310*). If the entry differs, adjust calculations accordingly: --- ### *Trade Summary* - *Entry: *Not specified (Assumed near *1.4300*) - *Stop Loss (SL): **1.43130* (13 pips risk if entry is 1.4300) - *Targets*: 1. *1.42400* (-60 pips from 1.4300) 2. *1.41777* (-123 pips from 1.4300) --- ### *Key Analysis* 1. *Risk-Reward Ratios (If Entry = 1.4300)*: - *Target 1: 60 pips reward vs. 13 pips risk → **4.6:1* (Exceptional). - *Target 2: 123 pips reward vs. 13 pips risk → **9.5:1* (Very aggressive). 2. *Position Sizing*: - For a 13-pip SL, ensure alignment with your risk tolerance (e.g., 1–2% of capital). - Example: For a $
Short
by Algo_Trading_Mql5
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.4359 1st Support: 1.4165 1st Resistance: 1.4486 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
Short
by ICmarkets
1
USD/CAD Breakout! Short Opportunity Ahead!Post: 💡 USD/CAD Analysis: The price has broken below the ascending trendline, confirming a bearish trend. Currently, the market is retesting the previous support zone, with a high probability of further downside movement. 📉 Sell Setup: Entry: 1.43642 Stop Loss: 1.43941 (To avoid market noise) Take Profit: 1.43089 (Potential support area) 🔎 This setup is ideal for traders who prefer breakout and retest strategies. Keep a close eye on price action to manage the trade effectively! 📊 Personal View: This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss! 👇
Short
by seventeacup
1
USD-CAD Bearish Breakout! Sell! Hello,Traders! USD-CAD kept bouncing Off of the horizontal support Of 1.4355 but then it was Finally broken and the breakout Is Confirmed so we are locally Bearish biased and we will be Expecting the pair to go Further down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
2
USDCAD - Get Ready Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDCAD has been overall bullish trading above the blue trendline acting as a non-horizontal support. This week, USDCAD has been in a correction phase trading within the falling red channel. Moreover, the green zone is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red and blue trendlines acting as non-horizontal support. 📚 As per my trading style: As #USDCAD 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 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
2
USD/CAD Trend Today - Further Upward?🔔🔔🔔 USD/CAD news: 👉All eyes are on the Bank of Canada (BoC) this Wednesday, as markets widely anticipate another interest rate cut—the seventh consecutive one. This time, expectations are for a 25-basis-point reduction, mirroring the move made in January. 👉Meanwhile, the Canadian Dollar (CAD) has been weakening, retreating from last week's highs and approaching the 1.4500 mark against the US Dollar (USD). 👉Adding to the uncertainty, Canada’s inflation data is now under scrutiny. In February, the annual inflation rate, measured by the Consumer Price Index (CPI), inched up to 1.9% from the previous 1.8%. At the same time, the BoC’s core CPI rose for the second consecutive month, reaching 2.1% year-over-year, surpassing the central bank’s target. Personal opinion: 👉The USD/CAD pair will still maintain an uptrend in the near future. The tariff policies between Canada and the United States have made the CAD, a riskier currency, suffer more damage. 👉The US 10-year bond yield and DXY rebounded, adding more pressure to the CAD Analysis: 👉Based on important resistance - support levels combined with standard pivot points and EMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy USD/CAD 1.4375 - 1.4390 ❌SL: 1.4340 | ✅TP: 1.4440 - 1.4480 - 1.4520 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USD/CAD Bullish Setup: Key Support Holding for Potential Upside This chart represents a technical analysis of the USD/CAD currency pair on the 1-hour timeframe. Here's a breakdown of the key elements: Key Indicators & Levels: Exponential Moving Averages (EMA): 200 EMA (Blue Line): 1.43906 (Long-term trend indicator) 30 EMA (Red Line): 1.43859 (Short-term trend indicator) Support & Resistance Zones: Support Zone (Purple Area, Lower): Around 1.43658 Resistance Zone (Purple Area, Upper): Around 1.44500 Trade Setup: Entry Point: Near 1.43753 (Current Price) Stop Loss: Below 1.43658 (Red zone at 1.43158) Take Profit Target: 1.45425 - 1.45433 (Blue zone) Potential Trade Direction: The price is expected to bounce from the support zone and move upwards. A break above the resistance zone (~1.44500) would confirm bullish momentum. The projected target is 1.45425 - 1.45433. Conclusion: Bullish Outlook: If the price respects the support zone and breaks above 1.44500. Bearish Risk: If the price falls below 1.43658, the setup would be invalid. EMA Perspective: The price is fluctuating around the 200 EMA, suggesting a potential trend shift. Would you like a more detailed breakdown or any additional insights
Long
by EA_GOLD_MAN_COPY_TRADE