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USD/CAD LMAX

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USDCAD_LMAX trade ideas

USD/CAD is heading to 1.38(8/16/2024)After a long correction from 1.395, USD/CAD finally settled on the 1.37 zone where the bullish OB and Fib 0.382 exist. in our view, the price made a falling wedge (reversal pattern) with 5 legs. yesterday the price finally broke out of the falling wedge. We believe the price will eventually reach the 1.38 zone and then 1.385. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
2
USDCAD Technical Analysis! BUY! My dear subscribers, USDCAD looks like it will make a good move, and here are the details: The market is trading on 1.3701 pivot level. Bias - Bullish My Stop Loss - 1.3664 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3758 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDCAD - Massive Checkpoint!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish, trading within the rising channel marked in blue. At present, USDCAD is undergoing a correction phase and it is hovering around the lower bound of the channel. Moreover, it is retesting a massive demand and support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDCAD is 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
Long
by TheSignalyst
2
USDCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H and wait for possible reentry again * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
USDCAD Prediction is going up.1. Price Action: • Uptrend Confirmation: The recent price action suggests an ongoing uptrend. Look for higher highs and higher lows on the daily chart. • Key Levels: Identify significant swing highs and lows. These levels act as potential support and resistance. For USD/CAD, consider the following: • Resistance: The area around 1.3700 is crucial. A breakout above this level could lead to further gains. • Support: Pay attention to the support near 1.3686 (your specified stop loss). 2. Trendlines: • Draw trendlines connecting relevant swing points. An ascending trendline can help confirm the uptrend. • Observe how price interacts with the trendline. A bounce off the trendline could signal strength. 3. Support and Resistance Levels: • Resistance: Above 1.3700, watch for potential resistance at 1.3800. • Support: Alongside 1.3686, consider other historical support levels.
Long
by adriyan_junior
2
USDCAD forming a bottom?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3700. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3725 will confirm the bullish momentum. We look to Buy at 1.3700 (stop at 1.3676) Our profit targets will be 1.3760 and 1.3775 Resistance: 1.3725 / 1.3740 / 1.3750 Support: 1.3700 / 1.3680 / 1.3675 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA