USDCAD SELL SETUP !!“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.” Jack Schwager – Author of Market Wizards
USDCAD_LMAX trade ideas
USDCAD Awaits Downside ConfirmationHello,
FX:USDCAD has continued its anticipated upward movement, as outlined in the previous analysis. At this stage, a pullback is expected, targeting a downside level around 1.353087. However, for confirmation, the pair still needs to break through the 1W/1D support structure. Key resistance levels to watch are 1.390418, 1.389689, and 1.389446.
TradeWithTheTrend3344
USDCAD buy ideaUSDCAD Buy
Entry at 1.39367 , Full take profit at 1.39736 . stop loss - 1.39008. aiming for 1:2 R
TP1 @ 1.39736
TP2 @ 1.40121
Swing Long For USDCADEntry: 1.3442
TP1: 1.3975
TP2: 1.426
TP3: 1.466
SL: 1.309
Price will likely surge back to 1.466 area going into next year, as USD strength will likely return in full force after election season.
USD-CAD Short From Resistance! Sell!
Hello,Traders!
USD-CAD went up sharply
And the pair is locally overbought
So after the pair hits the
Horizontal resistance of 1.3980
We will be expecting a
Local bearish correction
Sell!
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Best Level to Short USDCAD TP +260 pips🔸Hello traders, let's review the 8hour chart for USDCAD today. Strong
V-shape recovery in progress off the lows, however sentiment getting
extremely overbought and also we are closing in on heavy overhead supply.
🔸Key mirror S/R detected at 3620, bears will target this level on the
re-test so it's a logical target for the short sellers from overhead resistance.
🔸Recommended strategy for USDCAD traders: focus on short selling high near 3880 price cluster SL fixed at 60 pips TP1 +140 pips TP2 +260 pips final exit at 3620. Expecting rejection from overhead resistance and re-test of
the mirror S/R level at 3620. good luck traders.
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Smart money concept If the trade comeback to my entry point i will look a lower time frame counter trend and then i will take long.
USDCAD with two probabilities for 10/28/2024USDCAD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Monthly USDCADBreakout of Symmetrical triangle leading to development of a bullish triangle and ultimately to hit August 1998 highs around the end of 2015 or into 2016.
USDCAD Bearish ScenarioToday, we will analyze USDCAD
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Buy USD/CAD Bullish Flag in H1The USD/CAD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.3825, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3860
2nd Support – 1.3875
Stop-Loss: To manage risk, place a stop-loss order below 1.3807. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USDCAD back to the top of the rangeBOC Interest rate decision in about 4 and a half hours.
Market pricing in a cut of 50bp.
What if BOC cuts lower than 50bp? Will it cause an influx of funds back into CAD that is in a downtrend since early October?
USDCAD is knocking into a resistance that date back years.
Will it be a swing reversal trade or will USDCAD finally break through this resistance?
What do you think?
USDCAD: Rejection expected on the 2 year Resistance Zone.USDCAD is bullish on the 1W timeframe (RSI = 60.180, MACD = 0.003, ADX = 23.071) and turned overbought on its 1D technical outlook (RSI = 69.243). This is taking place while the price is just underneath the 2 year R1 Zone, which has rejected the price 5 times already. The 1D RSI is also about to enter its R1 Zone. We expect another rejection towards the S1 level (TP = 1.34500).
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USDCAD Looking For ShortIn USDCAD, the market's price is facing a higher Resistance zone where rejection of the price can be seen in the past. The support area is also a very strong zone where the price was rejected several times, Bears are gaining the strength against bulls. A good chance for the bears to enter the market and make it a downside move.
USDCAD BEARISH??USDCAD seems to be at a premium price getting ready for sells, over the past weeks USDCAD have experienced major bullishness. Well it seems that the bullishness is coming to an end as USDCAD approaches key resistance, A major rejection confirms sells from that POI
USDCAD H1The USD/CAD pair was able to withdraw sellers' liquidity, so we are looking for short selling from 1.3835 levels.
With our targets at levels: 1.3765.
Second target: 1.37067.
Third target: 1.3665.
Stop: 1.38715 and stability above it is an hourly candle.
OANDA:USDCAD
Sell USD/CAD BoC Interest RateThe USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to channel. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3818, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3778
2nd Support – 1.3750
Stop-Loss: To manage risk, place a stop-loss order above 1.3845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
update USDCAD movementUCAD is moving according to yesterday's prediction, maybe I will hold this short position for a rather long period of time
USDCAD Possible SELL The market is currently testing the current Weekly structure area. Based on Daily TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
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Potential bearish drop?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3849
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3946
Why we like it:
There is a pullback resistance level.
Take profit: 1.3750
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
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USDCAD Sell signal may be triggered soon.USDCAD is on a continuous rise since the September 24 low inside a Channel Up.
The pattern however broke this week sideways and is already showing the first signs of exhaustion as the RSI (4h) is printing a topping pattern similar to August 5th.
Still though, the MA50 (4h) is supporting.
Trading Plan:
1. Sell if the price crosses below the MA50 (4h).
Targets:
1. 1.36500 (potential contact with the MA200 (4h)).
Tips:
1. The August fractal started to decline just after the RSI formed this pattern. I may have found the first support base on the 0.618 Fibonacci level but that happened to be on the MA200 (4h) as well and that is why we pursue this as target.
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