USDCAD_LMAX trade ideas
Is USDCAD ready for a shift? Watch the resistance zone!USDCAD is approaching a critical resistance zone between 1.39 and 1.396. Despite the upward price movement appearing persistent, it seems unsustainable, indicating a potential downside move toward the 1.37 to 1.38 range. As long as USDCAD remains below 1.396, the potential for a downward shift is likely.
Short Opportunity on USDCAD According to Previous Analysis on 4h time frame
According to Divergence ON CCI
According to Price Action
According to uptrend channel + Resistance level
USDCAD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3887
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3843
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USDCAD📈 USD/CAD Trade Plan 📈
Looking to trade USD/CAD? Here’s a quick setup:
• Entry Zone: Target 1.3880–1.3890 for an entry near recent support.
• Stop Loss (SL): Place SL at 1.3850, protecting against short-term volatility.
• Take Profit (TP):
• TP1: 1.3920, aligning with recent resistance.
• TP2: 1.3950 for extended gains if the trend remains strong.
🎯 Market Context:
• USD is strong due to positive economic indicators, while the Canadian dollar faces pressure amid expected BoC rate cuts. Upcoming U.S. inflation and Canadian job data could introduce volatility, so stay updated!
USDCAD TODAYStill up for me.
I take one order now and I add one more if price go down.
SL and TP is add
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around USDCAD for a buying opportunity around 1.39200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39200 support and resistance area.
Trade safe, Joe.
USDCAD Sell Second leg H4Hi Everyone!
Please consider selling USDCAD now, its been in a mega uptrend, but has formed a solid second leg on H4, which makes me believe it might be time for a pullback.
TVC:DXY also seems to be pulling back to the short side.
sweetest everyou should forget about BTC or any othe cryptos.
we have USDCAD in forex so are you ready for one of the longest and sweetest journey ever ?
the cup and handle and after that pretty double bottom are clearly visible .
you don't need any indicator for this .
price action is enough it self.
i strongly suggest you to check my USDJPY and GBPCAD articles .
this one is like those ;)
so let's ride it !
USDCAD / M15 / LONGUSDCAD may rise from the Bullish order block
Bullish Order Block :- 1.38850 and 1.38784
We can see USDCAD is near Bullish Order Block so its time to open the long position. there is maximum probability that our trade ends in profits. I suggest to open position immediately. Lets see how the price reacts here.
USDCAD / M15 / LONG
LOT :- 0.1
Entry Price :- 1.38850
Take Profit :- 1.39114
Stop Loss :- 1.38587
USD/CAD H4 | Falling to 38.2% Fibonacci pullback supportUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3879 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3855 which is a level that lies underneath a pullback support and the 23.6% and 61.8% Fibonacci retracements level.
Take profit is at 1.3904 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 TODAYStill up for me.
I take one order now and I add one more if price go down.
SL and TP is add
🟢 Real Setups on Real Account 🔴 www.t.me
USDCAD forecast in 15 time frameAlthough you shouldn't forecasting in the financial markets, especially Forex , and you should make decisions according to the dashboard and fundamental and technical data, but i like to make predictions!
I think the ceiling and floor of the weekly channel and based on the growth of the SP500 index and the downward trend of the DXY index until the end of the week, I hope something like this will happen.
Sell usdcadAlready pair completed its bullish correction
And now daily and weekly oversold
Some bearish correction expected from current supply zone
Zone looking quite strong as its respect it many times in past
Minimum Tp 300 pips
USD/CAD Bearish CorrectionKey 4HR Resistance Coming up. Expecting up to a .010536 correction before pushing through 1.39500. Bear Divergency presenting itself on RSI. Expecting correction to take place. Will enter trade at break of rising wedge pattern. Will not think trade is gone if liquidity grab pushes price above the wedge.
USDCAD SELL SETUP !!“The biggest risk is not “The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Daily Downside MoveI am trading the CD legs on two bullish harmonic patterns. The B extension of XA as shown gives me my downside target area.
USDCAD / LONG / M15USDCAD may rise from the Bullish Order Block
Bullish Order Block: 1.39140 and 1.39082
USDCAD is positioned near the bullish order block, and the price has already touched this zone, suggesting potential for an upward movement. Using SMC for analysis, this setup shows high probability for profit. Let’s observe how the price reacts from this level!
USDCAD / LONG / M15
Lot :- 0.2
Entry Price :- 1.39144
Take Profit :- 1.39326
Stop Loss :- 1.38961
USD/CAD H1 | Approaching pullback supportUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3904 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 1.3866 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 1.3946 which is a 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.
