USDCAD_LMAX trade ideas
USDCAD What Next? BUY!
My dear friends,
Please, find my technical outlook for USDCAD below:
The instrument tests an important psychological level 1.3738
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3787
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USD/CAD DESENDING CHANEL PERFECT VIEW!As you can see the price in 30 min has created a perfect dessending channel formation and the perfect entry its in that order block that i have mrked in the chart or you can entry to on a Fibonacci point for the sellers to get many profits with this desending channel.
USDCAD BearBias Ranging
Fundamental Analysis
USD & CAD ranging both bearish data
Price Action:
Price break H4 bullish TL & H4 SR level. In H1 Price respect the Bearish H1 TL. Price retrace back into H4 SR level. Price rejected from H4 SR level, Price broken through H1 SR level. Bearish Momentum is strong
Set up:
Short entry H1 SR level
SL 2xATR(20)
TP next H4 SR level R:R 1:5
USDCAD: 3 days breakout traders short in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout ✅
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside
Backside ✅
4. THESIS:
Long: primary, 3 days short in the market can be a nice signal of potential reverse, especially if the market consolidate at the low of the week. However, is still on the backside move, still placing lower low and if a setup will present, I would consider it only a scalp stop hunt for the day.
Short: secondary, still interesting, lot of space down low, but London and Asia session are potentially setting up for a long, not interested at the moment.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
USD/CAD +50 Pips 0 Drawdown , New Entry Valid If You Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD 1H Price fulfilled our last idea on USDCAD. So today after a BoS on 1H timeframe, am looking for another drop towards 1.37300. Good luck 🤞🤞🤞
USD/CAD H4 | Potential bearish breakoutUSD/CAD is falling towards a potential breakout level and could drop lower form here.
Sell entry is at 1.3751 which is a potential breakout level.
Stop loss is at 1.3811 which is a level that sits above an overlap resistance.
Take profit is at 1.3664 which is a pullback support that aligns with the 78.6% 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
SELL USDCAD UPDATE OR CRYI’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work.
Instead, the US Dollar Index
DXY
is holding steady. Dollar-yen is refusing to roll over.
And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals.
Stock market bulls don’t seem to care about the lack of risk-on signals from global currencies.
As long as that’s the case, neither should we.
But can you imagine how US equities will respond if the dollar finally takes a dive?
Check the trend The price is expected to be corrective up to the range of the support trend line. Then, according to the behavior of the price in this range, there will be a possibility of changing the trend
USDCAD H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3802, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 1.3751, an overlap support level close to 161.8% Fibo extension
The stop loss will be at 1.3855, a swing-high resistance 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 BUYHi fellow traders, USDCAD will be ready to make a move higher from the blue box after it completes the correction. Target the 1.4168 level. Good luck and trade safe!
USD/CAD ELLIOT WAVESLook at this amazing Elliot Waves formation pattern that shows us the traders that maybe a correction may happen that its the a,b,c the correction zone that where the a and b waves are in a fibonacci level to that that will be a strong sell on the a and b waves and then we have an H1 order block to that its so potencial to the downside for sells. Please support me:)
USDCAD TRADE IDEA - LONGWEEKLY BULLISH, DAILY BULLISH, 4HR BULLISH
Formed a beautiful break and retest on the daily at round psychological level 1.38000 which is also a very strong weekly and daily support area. Price rejected a lot of times on the weekly and daily when closing below this level.
Last week, we closed above so I'm looking for buys. Daily structure shows bullishness.
Price retraced beautifully into our AOI. This pair should go to the upside to 1.40000 minimum.
Will USDCAD Fall ?Hey there,
We see in the weekly Chart USDCAD at the Strong Resistance level.....
In hourly timeframe we see market breakout the lower line of the trend.....and taking retest
we expect the big move....
Wait for the Confirmation
Good Luck
USDCAD - Testing pivot lowsA short trade if price falls through the pivot low or a long trade if it rejects it and returns above it.
USD/CAD RISKY BUY SUPPORT ZONE AND RSIThe price have reached an important support zone that has 3 previous reaccions to this support zone and also in the RSI you can see the price rejected that RSI support zone to to the upside, this its a risky buy, be sure to put an important and considerable stoploss on your trades.
Usdcad Usdcad is going to our direction I posted the signal this morning and this is it literally as I said
6.08 Trades
Trading today was choppy, but profitable at the end of the day.
UC -1%
AU +1.5%
NJ +2%
Total +2.5%
USD/CAD could be about to drop hardKeep a close eye on USD/CAD over the next 24 hours. The price appears to be forming a head-and-shoulders pattern, with the price action from early August representing the left shoulder, the high from August 6 forming the right shoulder, and the 1.3887 level, which capped the price from August 1 to August 5, serving as the head.
The pattern suggests that if the price breaches the low of 1.3787 seen on July 31, we could see a drop to 1.3752, with potential further declines to 1.3706, and possibly down to the pattern's target at 1.3692. If the price breaks below 1.3787, the head-and-shoulders pattern is likely to remain active as long as the price stays below 1.3805.
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