USDCAD trade ideas
Short on usdcadSelling the usd. Sentiment on more sells
Sharing this trade signal.
Price is currently inside OB. Formed a doji on the 4hrs.
Could start reversal immediately on market open.
⛏️ HERIK
Analyze USDCAD Chart in All ScalesLet's Look at USDCAD Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
USDCAD LONGPrice grabbed liquidity on the weekly then created a 4HR FVG. price then tested this FCG on friday during the news release providing an opportunity for buys on lower timeframes. I think it will trade into the daily Orderblock around 1.36200. keep an eye on that going into next week
USDCAD: Price Action Analysis & Bullish Outlook USDCAD has formed two bullish chart patterns: a falling wedge and a cup-and-handle pattern within it.
Recently, a single 4-hour candle breached both the pattern's neckline and the wedge's resistance line.
This breakout suggests a bullish trend continuation, targeting 1.4543 and 1.3571.
Tips for Managing EntriesGetting your entries right is a big step forward on the path to successful trading. In this post, we’re going over three techniques to potentially improve your entry point and, by extension, hopefully get in trades at more favorable price levels that could ultimately increase your profit per trade.
1. Planning For Breakouts (Or Breakdowns)
Use pullbacks and breakouts to enter at the beginning or end of a trend. Draw out your desired levels, write them down, and get prepared for the exact entry that you see on the chart. Breakouts occur when a market trades through support or resistance levels, signaling a start to a new trend. However, be cautious of fake-outs, and remember to use stops to manage risk. Preparing for breakouts, and clearly marking them on your chart, can help you optimize entries.
On the chart above, we show the USDCAD pair and an example of a trading range that, if broken through, could signal the start of a breakout. Where would you plan your entry if that happens? This is the type of education we hope to provide.
2. Confirmed Entries Across Multiple Timeframes
Confirm trends by using additional timeframes. For example, if you spot a pullback on a four-hour chart, check a daily chart to confirm the broader trend. Alternatively, you could zoom in even more, for example, on a ten-minute chart, to see short-term buyer or sellers and where the ideal entry might be, as the price nears your desired level.
Using multiple timeframes can help you see the bigger picture, as well as the finer details. This can ensure you’re aligned with both the macro and micro trends.
3. Taking a Broader View
Understand the broader market conditions, including major trends and fundamental factors like economic releases. This holistic approach tells you a few important details about the market, and if it’s moving in the same direction as your trade, or if there’s major news coming that could potentially spur volatility.
We hope these three helpful tips will be valuable on your trading journey, specifically showing you some ways of looking for the best possible entries for your positions. Thank you for reading our latest educational post about becoming a swing trader! Be sure to follow us for more updates and educational resources like this.
MB
USD CAD. H1 time frame. Bearish market I am waiting for a breakout off that neckline ..
we got a bearish structure on the h1 time frame
USDCAD: Day Trading Setup for Today 🇺🇸🇨🇦
USDCAD is currently consolidating within a horizontal intraday range.
After a test of the resistance of the channel, the price may drop
all the way down to its support.
As a confirmation, I see a head and shoulders pattern formation.
Target - 1.3466
❤️Please, support my work with like, thank you!❤️
Correction A corrective trend is expected to form and after the completion of the corrective pattern, the start of the upward trend is likely. If the price crosses the support range, the downward trend is likely to continue
USDCAD Prepare for red October - November.The USDCAD pair hit both of our Targets on the July 25 (see chart below) sell signal:
The initial rebound stopped on the 1D MA50 (blue trend-line) where the price was rejected with the 1D RSI forming a pattern similar to May 2023. As a result, it is possible to see another short-term rebound but on the medium-term, we expect October and November to be another sell sequence.
The March - July 2023 fractal had two similar Bearish Legs of -4.10% each. So since the current first Leg was -3.64%, we expect the one that will follow now to be of around the same strength.
As a result we can target 1.32000 on low risk, just above the Support 1 level.
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USDCAD Buy ForecastUSDCAD New forecast👨💻👨💻
Note:
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USDCAD SELL AT PL 1.35looking for sell at PL 1.35
look for extra confirmation once the market at this zone.
since there is a news today in 4 hours.
Avoid the trade is trade is not triggered before the news.
Dont go against the trend.
USDCAD trade idea but there is a strong news so don't take risk usdcad trade idea as you can see there is a breakout of trendline and taking support from previous level
and previous daily candle closed in bearish so this trade may be risky that's why we need to wait for next week to trade
DISCLAIMER: trade idea is only for idea i don't recommend you to trade in my trade idea
USDCAD H4 Analysis And Route Map For NExt MovePair Name = USDCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bearish
Details :-
USDCAD volume Decreasing gradually. It has completed the retesting period. Exactly on the way as predicted. It will hit a strong Support level around 1.34600 to 1.34000 Price level.
Heading into 38.2% Fibonacci resistance?USD/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 1.3502
1st Support: 1.3423
1st Resistance: 1.3549
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USDCAD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.3483 which is a pullback support.
Our take profit will be at 1.3543, which is an overlap resistance close to 50% Fibonacci retracement.
The stop loss will be placed at 1.3421, a swing-low support level.
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USDCAD SHORT..... again. Price has been following a strong downtrend. I see resistance at 1.35 which is also the 61.8% fib, if price breaks out of this consolidation it could hit that roof and then drop imo. So sell limit set for 1.35
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.35 support and resistance area.
Trade safe, Joe.
USD-CAD Will Go UP! Buy!
Hello,Traders!
USD-CAD made a retest
Of the horizontal support
Level of 1.3420 and we
Are already seeing a bullish
Rebound so we will be
Expecting a further move up
Buy!
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USD/CAD BEARISH CONTINUATION There its a perfect outlook of the price right here as you can see we have a resistence zone in the weeckly timeframe that has already been mitigated and a support zone too that has been mitigated but in the past we are stel waiting for the price to reach this zone again :)
USD/CAD BULLISH FLAG PATTERNThere its a continuation to the upside in the USD/CAD more on the 1 hour timeframe we can see the price in a. better way and a better formation of the flag that when it brokes the price will potentially go all the way to the upside right now.
usdcad for a selli mean from my respective prespective, i am in for a sell, a dope wise sell, my superior conciousness made it possible for me to see my setup and go for it.
ok but from my technical prespective i see. a posibility for a sell
liquidity has been taken and also overall trend sells so lets go..
short to fill up W on bottomIm looking for short in short therm to patter which is not fill until now W on bottom in 5 min tf
