SHORT OPPORTUNITY ON USDCADAccording to Negative Divergence
According to Fibo Retracement
If CCI hit Zero Level to down, it will be a perfect Confirmation
SL1.38900
USDCAD trade ideas
USDCAD ChartThere is Bullish Trend but have bearish divergence also reversal pattern of Rising Wedge. So, I am bearish bias in this setup. Wait for the breakdown of last HL i.e. 1.38110. then take sell entry putting SL on 1.39100.
USDCAD at Key Weekly Resistance: Bears Incoming?USDCAD is currently sitting at a key weekly resistance level. If this resistance holds, we might see some bearish pressure kick in for the short term.
It's a crucial area to watch—if the level rejects the bulls, it could be a good opportunity for short setups. But if the breakout happens, we’ll need to reassess. Stay sharp and keep your risk in check!
What’s your take on this? Are you watching for a rejection, or expecting a breakout? Let me know in the comments!
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.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Shark pattern counts complete and into the 5-0Cd$ setting up for a push down to 13650-70 in a 5-0 continuation from the completed shark pattern .
USDCAD / LONG / M15USDCAD may rise from the Bullish Order Block
Bullish Order Block: 1.39140 and 1.39082
USDCAD is positioned near the bullish order block, and the price has already touched this zone, suggesting potential for an upward movement. Using SMC for analysis, this setup shows high probability for profit. Let’s observe how the price reacts from this level!
USDCAD / LONG / M15
Lot :- 0.2
Entry Price :- 1.39144
Take Profit :- 1.39326
Stop Loss :- 1.38961
USD/CAD H1 | Approaching pullback supportUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3904 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 1.3866 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 1.3946 which is a swing-high resistance.
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. 64% 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. 66% 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.
sweetest everyou should forget about BTC or any othe cryptos.
we have USDCAD in forex so are you ready for one of the longest and sweetest journey ever ?
the cup and handle and after that pretty double bottom are clearly visible .
you don't need any indicator for this .
price action is enough it self.
i strongly suggest you to check my USDJPY and GBPCAD articles .
this one is like those ;)
so let's ride it !
USD/CAD Bearish CorrectionKey 4HR Resistance Coming up. Expecting up to a .010536 correction before pushing through 1.39500. Bear Divergency presenting itself on RSI. Expecting correction to take place. Will enter trade at break of rising wedge pattern. Will not think trade is gone if liquidity grab pushes price above the wedge.
USDCAD developing an ascending wedge ahead of data today! Intraday Update: Ahead of the Canadian retail sales the USDCAD may be developing an ascending wedge into a longer term 88% retracement. A move to 1.3890 may find resistance with support at 1.3830.
Ascending wedges are reversal patterns by default.
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024
The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation.
Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down.
/// SELL USDCAD : zone 1.39300 - 1.39500
SL: 1.39800
TP: 60 - 100 - 250 pips (1.37000)
Safe and profitable trading
Is USDCAD ready for a shift? Watch the resistance zone!USDCAD is approaching a critical resistance zone between 1.39 and 1.396. Despite the upward price movement appearing persistent, it seems unsustainable, indicating a potential downside move toward the 1.37 to 1.38 range. As long as USDCAD remains below 1.396, the potential for a downward shift is likely.
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 Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3887
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3843
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
USDCAD Daily Downside MoveI am trading the CD legs on two bullish harmonic patterns. The B extension of XA as shown gives me my downside target area.
Short Opportunity on USDCAD According to Previous Analysis on 4h time frame
According to Divergence ON CCI
According to Price Action
According to uptrend channel + Resistance level
USD/CAD To Turn? Short Side CaseUSD strength has persisted post strong economic data.
FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping.
Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking.
Short side bias taken as Market awaits sentiment. Potential Post NFP.
USDCAD TODAYUSDCAD TODAY after strong move up is bulish.
Everymove down is good opportunity for buy.
I expect new high
USDCAD TODAYStill up for me.
I take one order now and I add one more if price go down.
SL and TP is add
Buy USDCADOverall Uptrend.
Gave extra SL due to news later.
The upside of this, this trade can play out pretty well but the risky part will be the news spread and slippage on your brokers.
