Smart money concept If the trade comeback to my entry point i will look a lower time frame counter trend and then i will take long.
USDCAD trade ideas
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!
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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USDCAD: weekly channel topUSDCAD: WEEKLY CHANNEL TOP
Trading at weekly channel Top
Bearish Divergence
High caution for Long positions
Read the USDCAD MarketLet's Look at USDCAD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
USDCAD with two probabilities for 10/28/2024USDCAD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️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 Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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USDCAD ShortPrice has already rejected the neckline at point A and dropped to 1.35. Price has quickly recovered into the 1.38 order block. We can look for sells from the beginning of this week.
Potential entry for USDCADIf USDCAD drops lower I'm expecting a buy at my first level, if it doesn't hold, then I'm expecting a sell down to the lower zone marked on the chart, watch out for break and retests too.
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.
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WISH YOU ALL LUCK
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 !
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 💰
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
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.
USDCAD TODAYUSDCAD TODAY after strong move up is bulish.
Everymove down is good opportunity for buy.
I expect new high
update USDCAD movementUCAD is moving according to yesterday's prediction, maybe I will hold this short position for a rather long period of time
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.
USD/CAD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on USD/CAD right now from the support line below with the target of 1.384 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD with two probabilities for 10/25/2024USDCAD with a high probability to make the decision for 10/25/2024 ✅️ :
🔸️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.
