USDCAD forming bearish wedgeThe USDCAD looks to be forming the bearish wedge and opening a short position is profitable. With first target 1.41 and second the 1.40.
USDCAD trade ideas
CAD/USD 15-Minute Analysis: Head & Shoulders BreakoutCAD/USD 15-Minute Analysis: Head & Shoulders Breakout
On the 15-minute time frame, CAD/USD has formed a Head and Shoulders pattern, and the price has broken below the neckline trendline, signaling potential bearish momentum. Here's my idea:
Entry:AT 0.4146$
Target: The next significant support level, marked in the green zone.
This pattern suggests further downside, but as always, manage your risk carefully and monitor price action as we approach the target zone.
Let me know your thoughts and share your analysis below! 👍
USDCAD is in Bullish TrendUSDCAD is making new HH&HL it is creating matured bullish candles so and going to break the current resistance so the bias for this trade is bullish
#new week market insight tomorrow Cpi on USD would give us a big opportunity in the market so we want to wait for the big move
meanwhile we can catch a short on usdcad
Read The USDCAD MarketLet's Looking at USDCAD Price Actions and Predict the Next Moves and Maybe Finding Some Trade Opportunities, Good Luck With Your Trades <3
USDCAD sellUSDCAD formed an wedge which is a reversal pattern indicating a trend change. The market is forming a H&S which is a confirmation for a potential bearish move. SL above the head.
USD/CAD AnalysisFX:USDCAD
A comprehensive analysis of the USD/CAD pair, which also brought a potential trade. Of course, everything will continue to depend on the fundamentals, as the market is currently moving in the range of the last H and L for some time.
We could see great momentum, and breaking through the resistance, which the market could come to test, as fibbo levels are also found at this level.
Overall, I will be interested in the pair if it starts moving around the 1.41000 price.
USDCAD - Correction or Bull Breakout?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
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How I see it:
Strong engulfing 1D candle closed within the confluence zone.
Price could wiggle around trying to correct downwards.
Or just breakout through confluence and test now resistance as a new support.
Both SMA's is slowly rising.
Keynote!
For fundamental/political reasons, I strongly believe a bullish continuation is a high probability.
I deeply appreciate you taking the time to study my analysis and point of view.
USDCADTHIS ANALYSIS FOR "USDCAD" ON MULTIPLE TIME FRAME.
- What we can see on daily timeframe price already breakout on significant resistance,
- Wait price pullback on the zone
- Can follow my TP target or can close profit when you feel enough.
- Can set you SL between 25 - 35 Pips with you own risk.
- If price break nerewst trendline we just wait price come to trendline then we BUY.
All the best !!!
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USDCAD: Bearish Phase Begins!Hello,
FX:USDCAD has experienced significant upside once again, just as expected! However, it’s time for a shift—sorry, bulls, but the bearish phase is here. A major downturn is on the horizon!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USD/CAD follow up on bullish patternHi dear traders, today we would start off this week and the month of December with the set up of USD/CAD. We all have been following on the overall bullish-ness of the USD and we will acquire some value from it in the USD/CAD Pair. It has been formulating a strong bullish pattern ever since the beggining of October , so the set-up goes as follows:
Entry : 1.40059
Target : 1.41447
As always, happy trading!
USD/CAD Buy SwingTradeReasons to Enter the Trade:
Trendline and Fibonacci Confluence:
The price is respecting a strong upward trendline.
The 61.8% Fibonacci retracement level aligns with the trendline, providing strong confluence for a potential reversal.
Stochastic Oversold:
The stochastic oscillator indicates a potential upward reversal as it climbs from an oversold region.
Risk-Reward Opportunity:
The chart shows a decent risk-reward setup, with a target near the 0% Fib level (1.4180) and a stop-loss below 1.3925. If this provides at least a 2:1 reward-to-risk ratio, it's a good trade to consider.
Structure Holding:
There’s no significant break below the critical structure levels, suggesting the bullish bias is intact.
USD/CAD 4hr timeframe We got 2 big bullish candles creating a new fresh supply zone on the 1.404 level, if the price will respect the supply zone we're gonna look for buys.
However this setup is only for the short term; looking to the daily timeframe we got a formation of a shooting star candlestick pattern revealing a possible reversal sooner
TP for this trade is 1.4153: SL 1.4007
Good trade everyone!
Sell USDCADBrace yourself for a heavy sell off on USDCAD. Looks like price has formed this massive head and shoulder pattern. I am expecting a proper high to end today, we can enter the on the wick around 1.416
CAD continues to fallIntraday Update: Following the NFP and Canadian jobs report, the USDCAD is at the 78% retracement. The unemployment rate in Canada has sent the CAD reeling lower and could test the 141.80/1.4200 level if the US Dollar continues to recover today.
USD/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
USD/CAD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1.381.
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uptrendThe corrective and fluctuating trend is expected to continue up to the specified time range. Then there is a possibility of a trend change and an upward trend will begin.
If the price breaks through the support trend line, the correction trend will continue
USDCAD uptrend is still here so it is a Long Position IdeaGot support from the trend line (daily), pulled back from the impulse. Feels like a good place to try long on this. Risk and rewards 1:4
USDCAD Wave Analysis 5 December 2024
- USDCAD reversed from pivotal resistance level 1.4080
- Likely to fall to support level 1.3990
USDCAD currency pair today reversed down from the pivotal resistance level 1.4080 (which has been reversing the pair from the start of November) standing near the upper daily Bollinger Band.
The latest downward reversal from resistance level 1.4080 is the 5th consecutive failed attempt to break above this level – which signals its strength.
USDCAD currency pair can be expected to fall toward the next support level 1.3990 (low of the previous minor correction from the end of last month).
BUY USDCAD, For NowUSDCAD seems to be forming some sort of triple top or head and shoulders pattern. I believe price will bounce here on the neckline and start moving towards 1.41 where we will look to sell.
USDCAD Long - 5 DecPurely for reference. Did not take this on my account.
Price looks like barcode, consolidating a lot but this looks too yummy for me.
Price retraced to demand zone and swept all the liquidity.
Entry model was presented with wicks instead of candle close. Publishing to see how it turns out.
USD/CAD HEAD AND SHOULDERS?There could possibly be a formation of a head and shoulders pattern in this time frame that is the formation of the right shoulder makes it and feats perfect the pattern that will be the conformation of a change of the trend and continue going to the downside
