USDCAD To continue growing!3 bullish candles on Daily time frame makes me believe this pair will continue to keep grown. Price respected 50% level of 3 marching soldiers on the daily time frame. It failed to respect resistance level 1.36890 and has formed reverse head and shoulders. Longby Mhdh20140
USDCAD: Bullish Move From Key LevelI have observed a clear bullish signal on the USDCAD chart following a successful test of an important support level. The price has created an ascending triangle pattern on the 4-hour chart and has broken above its neckline. I anticipate that the price will soon reach levels of 1.3739 and 1.3800.Longby linofx15515
USD/CAD - It's unavoidable ! It is unavoidable to operate in a structure that is too symmetrical... Symmetry always brings accumulation, that's why these structures are quite juicy! With a good risk management and a good entry model, you're done. Keep it simple! If you like me, don't forget to follow me !!! Longby DAISTRUM1
USD/CAD - Juicy.. !!When you have a good long-term structure, you need to squeeze all the juice out of the orange ... Always go for the nearest liquidity, remember! It doesn't matter the entry model as long as you correctly understand the structure and its respective movements!!! Keep it simple! If you like me, don't forget to follow me !!! Longby DAISTRUM1
USDCAD WANT SELL ZONE The USDCAD currency pair is currently navigating through a crucial demand zone, with the primary level resting at 1.36820. This zone denotes a significant area where buyers are exhibiting heightened interest, potentially signaling a shift in market sentiment towards bullishness. Traders closely monitor this demand zone as it represents a key inflection point where buyers are anticipated to enter the market with increased vigor. Additionally, the first demand level is identified at 1.35500, further strengthening the support structure and reinforcing the notion of buyers' willingness to engage in the market at this price level. This level serves as a critical threshold, where a substantial influx of buying activity is expected, potentially leading to a reversal or a temporary pause in downward price movement. Further reinforcing the bullish bias, the second demand level is situated at 1.35000, highlighting another significant area where buyers are likely to intervene, exerting upward pressure on prices. This level underscores the resilience of buyers in defending key price thresholds, suggesting a strong underlying demand for the USDCAD pair.Shortby Leo_Trader013
Overlap resistance at 61.8% Fibonacci retracementUSD/CAD could rise towards an overlap resistance that has been identified as the pivot. Could this FX pair stall around this level before potentially reversing to drop lower towards the 1st support? Pivot: 1.3718 1st Support: 1.3628 1st Resistance: 1.3784 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets2
USD/CAD Short-Term Trade SignalPotential Trade Opportunity: Currency Pair: USD/CAD Position: Long Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 1.36624 Stop Loss: 1.3657 Take Profit: 1.36814 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.Longby Intraday_Forex_by_WaelUpdated 2
USDCAD Potential Bullish Bat PatternUSDCAD has been oscillating at high levels recently. Currently, you can pay attention to the support near 1.3520. Once it is in place, you can pay attention to the potential bullish bat pattern. After stabilizing, it is expected to start upward.Longby XTrendSpeed3
Rising into pullback resistance, could it reverse from here?USD/CAD is rising towards a resistance level which is a pullback resistance. A reversal from this level could indicate a double top pattern which could lead to a potential price drop to our take profit. Entry: 1.36919 Why we like it: There is a pullback resistance level. Stop loss: 1.37294 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Take profit: 1.36095 Why we like it: There is a pullback support level. 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.Shortby VantageMarkets9
My trade of the month..USDCAD massive buy continuation on HTFUSDCAD has been retracing bearishly for weeks, on repricing to consequent encroachment of HTF -FVG at discount of trading range, price formed bullish buy continuation/expansion signature just after a nice sweep of liquidity. we target the next buy side external range liquidity. enjoy the ride traders Longby MrPromise1
USDCAD BULLS TO PUSH PRICES HIGHERThe confluences that support the bullish bias 1. Price is within the Daily FVG 2. The third touch on the trend line confluences with the fvg zone 3. Buy side liquidity is a low resistance liquidity pool 4. there are no bearish structuresLongby fudosman114
USDCAD Spring with some divergenceUSDCAD Daily for a long time was running inside a channel that broke up and made a 1 to 1 move where it faced overhead Resistance and returned to test the channel. Now we have a second touch of a previous resistance level (look at the horizontal one although the trend line from the channel acts as a second confluence point) and a nice pin bar that comes with some divergence. Now we get a better entry price so we might enter for a good Risk-to-reward trade. The possible target takes into account at least 3 long-term tops which keep the price in some wide range. If that level breaks we have some serious room to the upside. If yo scale out you need a longer target than the one illustrated. Longby TheSpringHunter1
USDCAD LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran90335
Canada’s Ivey PMI and Employment Data: Impact on USD/CAD OutlookThe USD/CAD pair faces headwinds due to a strengthening Canadian dollar fueled by rising crude oil prices. This week's release of April employment statistics and Canada's Ivey PMI will provide insights into inflation and economic trends. Additionally, Fedspeak from Thomas Barkin and John Williams will be monitored closely. Recent US data suggesting a cooling labor market could prompt Fed rate cuts, contrasting with expectations of a possible Bank of Canada policy shift in June. The article concludes with a bullish stance on USD/CAD, recommending long positions with entry at 1.36989 and targets up to 1.39110, with a stop-loss at 1.34875. Longby signalmastermind2
2024-05-05 USDCAD Bearish - Harmonics ABCDUSDCAD chart is printing bearish trend with no divergence and using ABCD harmonics pattern EP: 1.36092 SL: 1.36982 TP1: 1.35200 TP2: 1.34310Shortby abdulmoeedsiddiqui110
USDCAD LONGDAILY - market structure: bullish - last candle close: bullish and false break - inverse head and shoulders - SD zone WEEKLY - market structure: bullish - bullish M with blue candle - SD zone 4 HOUR - market structure: bullish - Inverse head and shouldersLongby ToanerzihUpdated 2
check the trend It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend to the resistance range will be formed. If the price does not cross the resistance range, it is expected that a corrective trend will be created with a gentle upward slopeby STPFOREX1
USDCAD - Sell - Wycoff If they hover around here for a while they tend to break down more often than not. Can set Alert below Buffer Zone (Area where Stops are Cleared or Buy Stops Entered = False Brea out) If Continuation Candle after clearing Buffer Zone then Enter Trade SL above Trigger Line (Resistence) Point of Control Crossed RSI Down Currency Strength Cross Brea Below Support is Breaking all Session Lows for the day Traders are Buyer at Present though Oil is Strong + Always take Partial Profits Trail after 50% of trade has run Move Trailing Stop in Cloer as Trade approaches Target Shortby NZ_Shareman1
USDCAD Idea. Bearish projection towards liquidiity lowThis is the USDCAD 1d timeframe. Step by step process. Using market structure, order flow, Imbalance, supply/demand, and liquidity. Apply market structure. From the left, 4h bos followed by 4h choch. 2 demand zones left, one decisional and one smaller (after the choch). The price left imbalance indicating a strong decisional zone. The daily bos followed by choch that tapped into demand before going up. Bos left another temporary order block behind. Price then changed character again and left supply at the top. ON the way down it tapped into decisional and then changed back to bullish. Notice how the price didn’t respond to every demand block on the way down. It is a pick and choose based on what is most likely, so use overall bias to make less errors. Bullish order flow on the way up, leaving lots of buy-side liquidity beneath it. Price break out of structure and taps into temporary supply. There is another demand block prior to the bos that price may tap into before going up and then going down taking out liquidity. Shortby ForexExplained0
Usd/Cad Usd/Cad - On the daily timeframe we are extremely bullish . We have room to catch atleast +100 pips this week . You can see previous daily candle closed bullish rejecting our fib levels . Also , price is making higher highs and higher lows and this can be the potential higher low to break daily High . Long term Take profit target is the -0.27 & -0.62 👍🏼 Daily : Longby jonathan11966610
ShortSell now and take profits at the orange yellow lines high lighted below 188 238 AND 400 FIB LEVELS However if price 🤔 breaks above resistance the green lines high lighted above wait for pullback to those same green lines and buy this pair back to where it last sold Shortby SETITAND4GETIT1
USDCAD (Elliott waves)Hello friends In the USDCAD currency pair, we see the formation of a clear Elliott pattern. We are currently in wave 4 of C or 3. According to the formation of 5 microwaves in wave 4, a zigzag should be forming, which has a structure of 5-3-5. So we are waiting for a small wave 5 in wave 4 and then price growth to the range of 1.3850 and 1.3970. Usually wave 4 appears long, boring and complicated, so you have to be patient. The range of 1.3600 is also an important stake support, which is both numerically rogue and the permissible price correction range of wave 4. This range is extremely attractive for a buying position. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi7
USDCADWe looking for buying opportunities as we are having a continuation of a bullish flag which is the correction heading to the upside which will result in buys as we are on the support level Longby officialpotego_fx5