Long buddy!!!I am long the rest of the weak.
All the way up to 1.400 area.
My macd, price action and time frame have ll been triggered.
What are your thoughts?
Trade safely my friends
USDCAD_LMAX trade ideas
USDCAD BEARISH 4H TF (FVG/OB BUY SETUP) Instrument has made a Fair Value Gap greater than 100 points with Order Block showing instant movement towards the upside. Entry is taken at middle of OB with SL 5 points below OB and TP at the top of FVG.
What do you think, will it work?
USDCAD with two probabilities for 10/29/2024USDCAD with a high probability to make the decision for 10/29/2024 ✅️ :
🔸️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.
USDCAD- From a technical point of viewUSDCAD has been on an uptrend for the past 30+ days, and I'm a huge believer in trends so on a daily basis I have been entering longs and will do so until price is showing clear obvious signs that it has changed, of course the trend direction is only half of the problem so finding a good entry is crucial and my thinking behind this is both logical and quantifiable, logically I know the only way to make profit is to buy low and sell high. and in terms of quantifying I use technical analysis to read the price and identify the lows/highs so I can enter. as long as you believe that buying low and saying high while following the trend must not be violated then you should be fine most of the time
Possibility of correction The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, it is expected that a trend change will take place and we will see the beginning of the correction process
US Dollar retains US election risk bid | FX ResearchThe Canadian Dollar simply can't catch a break. Bank of Canada policy has turned increasingly dovish, all while the price of oil remains under pressure and Canada economic data deteriorates.
Oil prices have tumbled following Israel's strikes on Iran, which avoided crude facilities. This has led to a de-escalation of tensions in the Middle East.
Looking ahead, we have Canada’s wholesale sales data, the Dallas Fed manufacturing report, and a speech from ECB’s Gino (Dall'Asta).
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Buy - Follow trendoverall buy Trend for USDCAD based on previous trade as well.
Still going uptrend with this trade.
Targeting the low of Asia for entry.
USD/CAD H4 | Overlap support at 38.2% Fibonacci retracementUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3842 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3800 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 1.3897 which is a swing-high resistance.
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Read the USDCAD MarketLet's Look at USDCAD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
Possible further continuation on USDCADPrice has seen a bullish week🔥📈⬆️. We also witnessed weak Canadian data on Friday, further putting pressure on the Canadian dollar and more power for the Us dollar as price is rushing for weekly HH💰where external liquidity is present. This is due to price reacting to a discount weekly demand zone and giving out momentum.
We have a new HH & HL caused by a break of structure to the upside with momentum. This is perfect trend due to rapid formation of new HH and HL.
Next week is christmas day for Fundamental traders due to multiple high volatility economic events🇬🇧🏴🇨🇭🇺🇲🇪🇺🇨🇦. This could also add to our setup for the week as fundamentals usually add momentum to the market.
📈📊Our trading idea is bullish, whereby one of these two demand zones is expected to hold and push price further as per trend. Also taking note that price is rushing for external liquidity, we can anticipate a larger move upon reaction to our zone targeting our last HH.
💰 Apply good risk management 💰
a clear chance1st tp ATH
Canada continues to see the downside opening up in economic data prints, spurring the BoC to step up the pace of rate cuts heading into the end of the year. Canadian Retail Sales figures from August are slated to print on Friday, and are expected to stick to the trend and moderate further. However, the long-dated data is unlikely to spark much movement.
* PLEASE MAKE SURE TO VISIT RELATED ARTICLES WHICH MENTIONED BELOW
USDCAD Weekly Head and ShouldersA trade above 1.40210 would complete the head and shoulders pattern with a a price objective of 1.46417
IBKR:USDCAD
Trade idea - USDCAD Long4H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
Bullish Fake Out Flag pattern also there as extra evidence.
1.5% risk.
Aiming to take full profit at Daily TP.
USDCAD is BearishPrice was in a strong uptrend, however a matured bearish divergence on four hourly time frame, hinted the control of bears. The notion was further affirmed by the break of previous higher low. If the bears continue to exert pressure then we can expect further slide in price as per Dow theory. Targets are mentioned on the chart.
USDCAD is BearishPrice was in a strong uptrend, however a matured bearish divergence on four hourly time frame, hinted the control of bears. The notion was further affirmed by the break of previous higher low. If the bears continue to exert pressure then we can expect further slide in price as per Dow theory. Targets are mentioned on the chart.
USDCADWatch price action during LOndon sessions for bullish moves. Price recently tested a NYSE:HR PD array and reacted bullish from the array. Wait for lower tf comfirmation.
USDCAD - trading following the Bank of Canada rate decision Looking to sell rallies in the USDCAD, and I give you the reasons why (following the price action of the jobs report and CPI last two weeks) and the US Dollar index.
USD/CAD Nears Key Resistance Ahead of Canadian Rate DecisionUSD/CAD is hovering just below a key resistance zone, setting the stage for potential high volatility as the Bank of Canada prepares for its next rate decision. Let’s break down what this could mean for the pair, from both a fundamental and technical perspective.
BoC Expected to Slash Rates as Inflation Continues to Cool
On Wednesday, the Bank of Canada (BoC) is widely expected to slash its key policy rate by 50 basis points, marking the fourth consecutive rate cut this year. This move would bring the benchmark rate down to 3.75%, its lowest level in over 15 years outside the pandemic, as the central bank attempts to spur economic growth amidst slowing inflation and weak consumer spending. As Canadian inflation continues to cool—hitting just 1.6% in September—economic indicators like stagnant GDP growth and a faltering housing market have added urgency to the central bank's decision-making process. The rate cut, if realised, could trigger a strong reaction in USD/CAD, given its proximity to long-term resistance and the likelihood of volatility leading up to the decision.
Multi-Timeframe Analysis
Let’s take a trip through the timeframes, starting with the weekly candle chart. On this higher timeframe, USD/CAD has moved into a key area of long-term resistance, where a cluster of five major swing highs since October 2022 has formed a formidable resistance zone. What makes this level even more significant is that USD/CAD has carved out two higher swing lows over the last year, creating a broad ascending triangle pattern. This classic bullish setup signals that a breakout higher could be on the horizon, especially with the rate decision serving as a potential catalyst.
USD/CAD Weekly Candle Chart
Past performance is not a reliable indicator of future results
Moving down to the daily timeframe, the price action shows USD/CAD reacting to the resistance zone, but the reaction has been cautious. We're starting to see negative divergence on the RSI from overbought territory, suggesting that momentum is weakening. However, despite this divergence, the pair hasn’t shown a sharp pullback, which indicates that the bulls still have a foothold. The upcoming rate decision could either fuel a breakout above the resistance or lead to a deeper retracement if market sentiment shifts.
USD/CAD Daily Candle Chart
Past performance is not a reliable indicator of future results
Zooming in on the hourly chart, we get an even more detailed view. The market’s response to the resistance zone has been a low-volatility pullback, lacking the aggressive selling one might expect at such a key level. This suggests that USD/CAD could still make another push higher, testing deeper into the resistance zone before Wednesday’s decision. With volatility likely to ramp up as the rate announcement nears, all eyes are on how the pair handles this crucial level.
USD/CAD Hourly Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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USDCAD Bullish Momentum Continues: Watch Resistance at 1.387013Hello,
FX:USDCAD has experienced additional upward movement following last week’s bullish trend. Further bullish activity is anticipated until a strong resistance level is established. Exercise caution! The key resistance point to watch is 1.387013.
TradeWithTheTrend3344
USDCAD with two probabilities for 10/22/2024USDCAD with a high probability to make the decision for 10/22/2024 ✅️ :
🔸️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.
A potential Entry opportunity on USDCADLet's kick start a new Trading day with this.
Trading details/signal provided in the chart i.e.
The Entry, SL & TP
Go in with your proper risk management
Revisión Histórica sobre compra USDCAD
Uptrend is identified in 30 Min.
Last Swing from London opening is evaluated.
We evaluate higher liquidity zone remaining from London zone.
Common zone of both previous points is denoted, possible buying zone.
A possible profit zone is estimated according to percentage extensions with Fibbo.
It is evident that the price is moving away from the zone of higher demand, heading to the previously exposed zone of the London Market.
There is a moment of return to the liquidity zone, once the breakout is confirmed, it was expected to place purchases up to the 1.68 Fibbo point.
During this trade we mainly use the liquidity tools Fixed Range Volume Profile and Anchored Volume Profile. .
These tools allow us to measure buy and sell positions not in terms of time, but in terms of price, which allows us to better analyze prices actively, and to identify areas of overbought or oversold positions, which will be exploitable at some point in the future due to the liquidation of remaining orders.
In addition to this, Fibbo is used to structurally analyze the movements and possible market returns to price.
