One of my A plus set up We have a great price rejected order block on Higher time frame. OB rejected and retested. Imbalance at 10am NY ICT concept. BOs broken below and above retested on FVG then i did enter.by EZIO-FX3
USD/CAD: Implications of US Treasury Auction ResultsOn Wednesday, the Canadian Dollar experienced a weakening trend across various currency pairs, as the safe-haven appeal of the US Dollar gained traction in the broader market. This decline in the Canadian Dollar's value was notably influenced by subdued bid-to-cover ratios observed in a US Treasury auction held on Tuesday, which contributed to dampened market sentiment as the week progressed, leading to a decrease in risk appetite among investors. From a technical standpoint, the price has initiated a reversal from a previous supply area, signaling a potential bearish continuation trajectory below demand regions. This technical analysis suggests a shift in market dynamics favoring downward movement in the Canadian Dollar's value. The economic calendar for Canada remained relatively quiet on Wednesday, with attention now turning to Thursday's release of the Canadian Current Account data. Market expectations anticipate a decline to -5.5 billion, following a climb to a six-month high of -1.62 billion in the previous quarter. Subsequently, on Friday, investors will await the release of Canadian Q1 Gross Domestic Product figures, which are projected to stabilize at 0.0% month-on-month, compared to the previous reading of 0.2%. These upcoming data releases are likely to further influence trading sentiment surrounding the Canadian Dollar.Shortby FOREXN1Updated 119
USDCAD trading plan 3 june 2024Timeframe 1 hour Plan: Sell limit price at 1.36616 - 1.36776. Stoploss at 1.36874 Reason to sell: Strong legout with 3 candles and create imbalance Short time in base with only 2 candles Fresh Zone minimum 1:2 RR EMA 50, 100, 200 are in line (confirm downtrend) Origin Zone Zone overlapping with h4 zone Shortby yogy.frestarahmawanUpdated 0
USDCAD tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi by itsbluemorpho1
Fast Scalp UsdCadUsdCad Scalp lets see what going to happen 6 pip Stop Loss ! 13 RR Longby KhodeAlexUpdated 3
USDCADThis Weekly FORECAST Opportunity for USDCAD. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN0
USDCAD WILL EXPLODE BUYTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB2
1.3600 is line in the sandIntraday Update: A very strong response off the 1.3600 level once again for the USDCAD, which will solidify it's importance this week ahead of the Bank of Canada rate decision and jobs report at the end of the week. by ForexAnalytixPipczar1
USDCAD | Hidden Bullish Divergence | AB=CDThe USDCAD chart has currently formed a Harmonic AB=CD Pattern, which indicates a Potential Reversal Zone (PRZ). Additionally, there is a Hidden Bullish Divergence on the 1-hour time frame, suggesting that the current downtrend is about to shift into an uptrend. Furthermore, the price has mitigated the Order Block (OB) and is now moving upwards. These confirmations indicate a short-term bullish momentum, although the overall structure on the higher time frame remains bearish. In summary: 1: Harmonic AB=CD Pattern: This pattern suggests a potential reversal zone (PRZ). 2: Hidden Bullish Divergence: Observed on the 1-hour time frame, this indicates a potential shift from a downtrend to an uptrend. 3: Order Block (OB): The price has mitigated the OB and is moving upwards, supporting the short-term bullish momentum. 4: Higher Time Frame Structure: Despite the short-term bullish signals, the overall structure on higher time frames remains bearish. It's important to consider these factors together and conduct thorough analysis before making any trading decisions.Longby awaisulabdeenUpdated 227
USDJPY Long...USDJPY Long... If it breaks above the triangle, the continuation of the trend will definitely be bullishLongby alishaban1
USDCAD IDEAThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran901
CHFJPY Bearish RSI DivergenceCHFJPY expected reversal as there is bearish divergence and formation of red candle.by H2TO0
BULLISH SENTIMENT ON USDCADEyes is on CANADIAN & US PMI EVENT that’s coming up soon. Price may go bullish if we get an offer at 1.36234. Price will impact positively if we get a retrace to that price Level of 1.36234. A buy opportunity is envisaged Longby Cartela1
USD/CAD Trade Setup: Long Position Analysis Buy Entry: 1.3600 - Rationale: This level acts as a strong support on the 4-hour chart, which was previously resistance before being broken. Stop Loss: 1.3546 - Rationale: Positioned below the support level to limit potential downside risk. Take Profit: 1.3697 - Rationale: Targeting the next significant resistance level for profit-taking. Market Context - Price Action: The market has shown indecisive price action, leading to sideways congestion on the intraday chart. - Pivot Support: Key support is identified at 1.3600. Risk/Reward Analysis: We recommend waiting for a clearer signal through 1.366 to confirm bullish momentum. Key Levels to Watch: - Support: 1.3600 - Resistance: 1.3697 Longby EleazarahmathUpdated 6610
USDCAD BUYUpdate on USDCAD.. As earlier posted, we're expecting USDCAD to push about 100 pips up due to strong dollar index. Price has respected the daily trend line and moving as predicted Longby akumjoel111
BULLISH SCENARIOOn our side, the market is in a correction phase, which looks like a Zig zag, the market looks to wind up the 'B' leg and finally the C final leg before a good upside in continuation with the trend. Therefore, we have tried to see what message the market is trying to send us. Until then, we're long term bullish just as the map shows. Whatever happens, use your trading principles.Longby Evaristos2
USDCAD BUY NOW!!!!!!!!!!!USDCAD made a false breakout in structure in the sell side liquidity now price made its way back into the trend heading to grab liquidity above 1.37000 before dropping to the floor JOIN AND ENJOYLongby CAPTAINFX21
USDCAD Bullish ReversalUSDCAD shows bearish divergence and the upward trend. Trade plan is to buy at the break of a higher high (HH), anticipating further upsideby H2TO0
USD/CAD: UPTREND ON THE 4 HR TIME FRAMEHi! I put my support and resistance in the daily time frames and a trendline in the 4-hour frame. I saw a breakout on the downtrend line, and I predict an uptrend on the 4-hour frame. I'm just keeping it simple. Thanks for taking a look! Longby themarketmoves1
starting the upward trend The price is expected to change the trend in the current support range as well as the 78.6% level. Then the beginning of the upward trend will be likely. After crossing the 100% level, the continuation of the correction process will be possibleLongby STPFOREX1
USDCAD Will Go Higher From Support! Buy! Here is our detailed technical review for USDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.362. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.367 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 2212
USDCAD Support Breakout Rejection At 1.36101 03.05.2024- Support breakout rejection at 1.35895 on 30-minute USDCAD chart. - If rejection holds, high chances of exchange rate rising to 1.36368; breaking 1.36368 may push it higher. - If rejection fails, high chances of exchange rate dropping to 1.35764; breaking 1.35764 may push it lower. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Longby BDSwiss_Academy0
UCAD FOR BULLISHBe patient as the market fooling us hahaha. Let see if this structure can give me some money. Last week gained 100 pips and decide to close all entries before news. I still at the bullish side.Longby ewtradersbhUpdated 131315