USDCAD It seems it might go to 1.3675 and then sell off. Thoughts? ๐ญ
U.S. Dollar / Canadian Dollar forum
๏ปฟUSDCAD It seems it might go to 1.3675 and then sell off. Thoughts? ๐ญ
USDCAD Technical Outlook:
USD/CAD has fallen to fresh weekly lows around 1.3626โ1.3630, following a breakout above a key level at 1.3680, which was immediately followed by Accumulation and liquidity sweep below that breakout zone.
After hunting stop-losses, price is now pulling back and preparing for potential distribution, as smart money behavior appears to be unfolding.
A limit buy setup is forming at the area of reaccumulation.
USDCAD 1.35's gonne get tested soon
USDCAD The market rewards logic, not luck So plz Safe your amount
USDCAD Anyone in sells?
USDCAD tradingview.com/x/yfdEtkUb/Maybe it is time to prepare our sells!!!!
USDCAD Process over profits. Always
USDCAD as expected...big player who placed a big-sized bet on a drop...Yeah, heโs probably very well informed ....CME.option flow sentiment in action)))for those who understand what it's about
USDCAD ๐ USD/CAD Technical Analysis โ Daily Timeframe
๐ Market Structure:
The overall trend is bearish, with multiple Breaks of Structure (BOS) confirming sellers are in control.
Recently, price formed a Change of Character (CHoCH) at the bottom, which may indicate the beginning of a bullish correction or a temporary reversal.
The market is currently reacting from that low, showing signs of bullish pressure.
๐ฉ Demand Zone:
The green zone (around 1.3400 โ 1.3460) marks a strong daily demand area.
This zone has shown previous bullish reactions and has not yet been fully tested in this leg.
It could serve as a high-probability long entry zone if price returns to it.
๐ฅ Supply Zones (Targets):
There are three red supply zones above, acting as potential take-profit levels for bulls or entry points for sellers:
TP1 (7%) โ Around 1.3444
TP2 (14%) โ Around 1.3790
TP3 (29%) โ Around 1.4224
๐ฏ Trade Scenarios:
โ Bullish Scenario (Swing Trade Toward Supply)
Item Details
Entry Zone 1.3400 โ 1.3460 (daily demand zone)
Confirmation Bullish price action (e.g., engulfing candle, pin bar)
Stop Loss Below demand (e.g., under 1.3350)
Targets TP1: 1.3444 / TP2: 1.3790 / TP3: 1.4224
This setup offers a high risk-to-reward ratio if confirmed on lower timeframes.
๐ด Bearish Scenario (Continuation of Downtrend)
Item Details
Entry Zone From one of the supply areas (especially near 1.3790)
Confirmation Bearish candle (e.g., bearish engulfing, rejection wick)
Stop Loss Above the supply zone (e.g., 1.3850)
Target 1.3450 initially or lower if demand breaks
๐ Final Thoughts:
The market is currently in a correction phase.
The best long opportunity is from the demand zone around 1.3400 โ 1.3460, with proper confirmation.
Targets are clearly marked based on supply zones.
Short positions should wait for confirmation near those supply levels.
โ ๏ธ Disclaimer:
This is not financial advice or a recommendation to buy or sell.
It reflects only my personal view of the market based on the current chart structure.
Please do your own analysis and manage your risk accordingly before making any trading decisions.
USDCAD Canada is going to Hell.