Sell usdcadBig sell coming Reaching the bigest strong supply level Just wait to confirm and retest then enter in sell Minimum target 800 pipsShortby forexagent6623
USDCAD Is Attempting To Break The Trend!!Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.43600 zone, USDCAD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 1.43600 support we will be looking for a potential retrace of the trend towards more downsides. Trade safe, Joe.Shortby JoeChampion24
USDCAD - LONG 1- HH and HL 2- consolidation phase 3- price more likely to go up and test weekly resistance level Longby hmuhammadumer95223
Lingrid | USDCAD selling OPPORTUNITY in the Sideways MARKETFX:USDCAD is currently moving sideways after a bullish trend that began in September. It has encountered a strong resistance zone that was established in March 2020. Therefore it’s possible that the price may consolidate for an extended period following such a strong upward move. At present, price action is trading within the range established in the previous week. The price is forming a clear range, consistently bouncing between the top and bottom levels. I expect the market to continue consolidating, providing opportunities to capitalize on the sideways movement. My goal is support zone around 1.43730 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻 Shortby Lingrid1120
USDCAD aNALYSISIf you're considering shorting USDCAD (betting that the price will decrease) today, here are some general strategies and market factors to keep in mind: ### 1. **Trend Analysis:** - **Technical Indicators:** Shorting is often more favorable when the price is showing signs of being overbought or nearing resistance levels. Look for bearish signals like a downtrend, overbought conditions on the RSI (Relative Strength Index), or price rejection at a key resistance zone. - **Moving Averages:** A shorter-term moving average crossing below a longer-term moving average (like the 50-period crossing below the 200-period) can indicate a potential downward trend. If USDCAD is showing a crossover in this manner, it could support shorting decisions. ### 2. **Fundamental Drivers:** - **Oil Prices:** Canada is a major oil exporter, so USDCAD often moves in correlation with oil price fluctuations. If oil prices are falling, the Canadian dollar (CAD) typically weakens. A drop in oil prices might suggest a weakening CAD, which could lead to a USDCAD move higher. - **Economic Data Releases:** Economic reports such as GDP, inflation, or employment numbers can impact the pair. If there’s any negative news coming from Canada or better-than-expected data from the U.S., it could strengthen the USD relative to CAD and potentially make a short position on USDCAD more appealing. - **Central Bank Policies:** Pay attention to the Federal Reserve (Fed) and Bank of Canada (BoC) policy announcements. Any hawkish stance by the Fed or dovish stance by the BoC would typically lead to USD strength and potential for USDCAD shorts. ### 3. **Key Levels:** - **Support and Resistance:** Analyze key support and resistance levels on the daily or 4-hour charts. If USDCAD has been unable to break a significant resistance level (for example, near 1.3700), it could indicate an opportunity to short if the price starts to reverse from that point. - **Pivot Points:** These can also provide insights into potential turning points. If USDCAD is approaching or struggling to break through a key pivot point, it may present a short opportunity. ### 4. **Risk Management:** - Always have a clear stop loss in place to limit potential losses if the market moves against your position. - Use proper position sizing to ensure that a single trade doesn’t overly affect your overall capital, especially with volatile pairs like USDCAD. ### 5. **Short-Term Catalysts:** - Keep an eye on news releases, such as the U.S. Federal Reserve speeches, important economic data like U.S. job numbers, or statements from the Bank of Canada. Any surprise in these areas could fuel short-term moves in USDCAD. In summary, a potential USDCAD short today would depend on technical confirmation (overbought conditions, resistance), fundamental factors like oil prices, and key news events. The best practice is to ensure that the market sentiment aligns with your position, and use risk management tools to minimize exposure in case of an adverse move.Shortby Sir_Nash12
Key Support in Focus: USD/CAD Downside Ahead?USD/CAD Analysis (4H) : USD/CAD is forming a bearish wedge pattern, with price breaking below the ascending trendline. The pair is currently testing a support zone near 1.4350. If this level fails, further downside toward 1.4200 is expected. RSI also signals weakening momentum, supporting the bearish outlook. Watch for a confirmed breakdown for potential short setups.Shortby unichartz12
USDCAD, Is 1.47 available ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family. let's go for USDCAD analysis: for upcoming weeks, we'll probably see a downward correction to Specified level at first and then it will start another Rally. so with a proper trigger we can open a short position at first and after that a long position with TP around 1.4700. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS. by aminrzb118
Could the price bounce from here?USD/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.4038 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.4348 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 1.4436 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.Longby VantageMarkets6
USDCAD Analysis: Bullish MomentumThe USDCAD pair has been extremely bullish lately, which is why it caught my attention. We can see multiple breaks to the upside, indicating a strong trend. Despite expecting a potential pullback in the near term, the overall trend remains very strong. This is why I have entered a position on the 1-hour timeframe. Using the WiseOwl Indicator, we can see that it has been capitalizing on the trend with previous wins of +3.96RR, +7RR, and +5.42RR. Currently, we are in a risk-free trade with the stop loss set at breakeven (BE). The EMAs (20, 50, 100, 200) are all aligned to support the bullish trend. Let's see how this plays out! 💪Longby TraderOuss_LumaNex225
USDCADUSDCAD ( U.S Dollar / Canadian Dollar ) Symmetrical Triangle as an corrective pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 123 " Impulsive Waves Change of Characteristicsby ForexDetective8
USDCAD: Triangle Formation Poised for a BreakoutUSDCAD appears to be consolidating in the form of a triangle pattern. Based on my wave count, the pair is currently completing Wave D within the structure. And, after Wave E concludes and there is a confirmed break above Wave B, I anticipate further upward movement. Triangles often signal a pause in the market before a continuation of the prevailing trend. In this case, the bullish breakout scenario aligns with the broader market dynamics. Should monitor the completion of Wave E and watch for a decisive breakout above the resistance formed by Wave B, as this will confirm the upward trajectory and provide an opportunity for long positions.Longby The_Traders_Memoirs111
EURUSD & USDCAD TECHNICAL ANALYSISFrom the weekly starting point, this is the top-down analysis on EURUSD and USDCAD Looking from the last cot report that was released, we saw the non-commercials heavily net short on the Canadian dollar, which is the catalyst for the big buy we saw on USDCAD, and the net short on the EURO dollar, which is also the catalyst for the huge sell-off of EURUSD. the live stream explains further details on technical analysis... Education09:59by Mhiztaruges332
USDCAD printing a descending channelUSDCAD in bearish trend, printing a descending channel. Sell with a sell stop at the breakout Shortby shahmir5518
USDCAD 3 month BulltrainIs the massive bull run ever going to stop as USDCAD is at a 5 year high? 3 rejections after attempts to create new highs on the 1 HR chart. RSI is losing strength as the price soars above the 200 SMA. Will USD maintain this bull train or is there going to be a change of season after the holidays? SELL! SELL! SELL! *Trading is Risky* Any and all liability is claimed by the trader. Do not risk more than you are willing to lose. Do not take unnecessary risks and look before you leap. Shortby TravCo5
USD/CAD H1 | Falling to multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.4350 which is a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement. Stop loss is at 1.4290 which is a level that sits underneath a pullback support. Take profit is at 1.4430 which is a multi-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.Long02:50by FXCM3
usdcad long/short conditional order USDCAD LONG/SHORT It is a conditional order when we break down stop loss of long order wiil be trigged and short conditional order will be trigged 💎Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20 It is a conditional order when we break down stop loss of long order wiil be trigged and short conditional order will be triggedLongby RODDYTRADING5
Thu 26th Dec 2024 USD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/CAD Sell. Enjoy the day all. Cheers. JimShortby JAGfx3
USD/CAD "The Loonie" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 1.46500 Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂Longby Thief_TraderUpdated 4
USDCAD Weekly ForecastUSDCAD Weekly Forecast WAIT FOR THE PERFECT SET-UP! Looking for buy-side liquidity to be taken Then, we'll take SELL entry for a LONG-TERM REVERSAL DIRECTION IS BULLISH, BUT WAITING FOR CORRECTION! Stay tuned for updates and get ready to ride the trend! Shortby twb11223
Tuhiro - USDCAD Long from Bullish Penant patternUSDCAD Long from Bullish Penant pattern. Take profit at 1.47583 and stop loss at 1.43486Longby Chano_Tenggara3
USDCADIt shows a little uptrend triangle broke so it might give another impulse upward. Entry point can be from Fibonacci 61.8 to 78.6 area. Risk Rewards 1:5. Let’s see how it goes, Cheers!Longby tseborushka2
USD/CAD BUYING OPPORTUNITY.i'm waiting for a buying opportunity here on the USD/CAD because i believe its continuing the bullish movement and it has also broke out from a descending triangle on a 4H and retested it and it currently has good bullish momentum.Longby siphesihle094