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USD/CAD LMAX

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USDCAD_LMAX trade ideas

USDCAD: Past, Present and FutureHi, traders Here is my idea sharing with you. Currency Pair: USDCAD TimeFrame:1D Scale: Large Past: From the past data on 1 Month time frame market is moving within a range and on 1Day time frame market is moving between Resistance 1 and Resistance 2 (previously Support) And form a poles (pattern) or Impulse (wave) Present: This days market is moving upward channel towards resistance 2 forming flag(pattern) or correction (wave) Future: After market reach to Resistance 2 Bearish Flag (pattern) then another Impulse (wave) which it will reach to monthly support zone. Stay Safe, Happy Trading Thank you
Short
by monmohon
3
USD/CAD Short Trade Idea (1H Timeframe)Overview : We're currently observing a potential short opportunity on the USD/CAD 1-hour chart. The pair has been trading within a rising wedge pattern, which is often considered a bearish reversal signal. The price action is now showing signs of weakness near the upper boundary of this wedge, suggesting that a downside move could be imminent. Trade Setup: Entry: Current market price, anticipating a breakdown of the rising wedge pattern. Stop-Loss: 0.00368 (0.27%) above the entry point, placed just above the recent resistance level. This level serves as a safe buffer in case of a false breakout. Take-Profit: 0.01105 (0.82%) below the entry point, targeting the previous major support zone. This gives us a solid Risk/Reward ratio of 3:1, ensuring the potential reward significantly outweighs the risk. Risk Management: The position size is calculated to limit the risk to a manageable level, with a total of 36.8 pips at risk (Amount: 750). The potential reward for this trade is approximately 110.5 pips (Amount: 1750.68). Rationale: The rising wedge formation indicates a possible trend reversal. Combined with bearish divergence on momentum indicators (if applicable), this setup provides a compelling case for a short entry. The stop-loss is strategically placed above a significant resistance level to protect against a sudden upward move, while the take-profit target aligns with a key support zone, offering a favorable risk/reward ratio. Note: As always, ensure proper risk management and consider market conditions before entering the trade. Happy trading!
Short
by SwingMarkets
1
daily outlook. see previous post as wellonce price enters the grey area looking to go long. the orange zone represents previous monthly candle so looking for price to retest that previous break to the downside. i also use my custom built indicators to mark out zones to help increase accuracy and help with sniper entries This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
by kF_pippinright
USDCAD bear flag patternIntraday Update: Today the USDCAD could have a toxic mix of month end flows, CAD GDP and US PCE today (h/t to Lucas for mentioning this in the chatroom) and the pair has been consolidating losses near the 61.8% retracement. Also a bear flag pattern so move below the 1.3450 would usher in a continuation lower, and back above the 1.3500 level a squeeze back towards 1.3555. Today we will get the new CFTC positioning data which up until last week was the most aggressive short CAD by leveraged funds historically since the CFTC has been gathering data. Today's report should show a great reduction after the break of 1.3590 last week.
Short
by ForexAnalytixPipczar
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.3452 which is a multi-swing-low support. Stop loss is at 1.3426 which is a level that sits under a swing-low support. Take profit is at 1.3512 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. 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. 62% 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. 59% 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.
Long
by FXCM
USDCAD Short and SouthThe USDCAD currency pair may weaken because the possibility of the Fed cutting interest rates in September looks promising, while on the other hand, the BOC seems to be reaching its inflation target close to 2%. Market participants view the BOC as quite capable of controlling inflation. However, both currencies are quite sensitive to crude oil prices. The reason I see a risk of decline in the USDCAD pair is from the CAD side, which could potentially strengthen slightly because crude oil prices might rise, especially with the OPEC+ production cut announcement. Since CAD has an 80% correlation with crude oil, they tend to move in the same direction. If crude oil strengthens, the demand for CAD will also increase. Sell USDCAD. Sell Limit : 1.37100 Stoploss : 1.37600 Take Profit : 1.33100
Short
by ICT_ID
2