✅USD_CAD GROWTH AHEAD|LONG🚀 ✅USD_CAD is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is about to retest the rising support Thus, a rebound and a move up is expected With the target of retesting the level above at 1.3672 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx11
Is USDCAD ready for superswing towards 1,31I´m expecting this pair will fall deeper after breaking 1,36. I´m suggesting to wait for a retest, monitor it on a lower TF like 1H-4H and enter to the trade just after retest is connfirmed, Do not enter blindly on the entry line, it is not a trigger. TP your trade partially on the black lines. Wish you good luck.Shortby Rendon13
Usdcad shortDollar weakness 1.4 Mqp Covid highs Lower highs Quad Top formation 2000 pip potential Shortby Master_Traders_MTA113
USDCAD ShortPrice Action Day Trading H4 Bias: Reversed into bearish Broken H4 support level. Price has reversed from bullish movement. USD is expected to weaken due to bad economic news. CAD is stronger as the OIL price is doing well now. Price is expected to go lower. Setup: Short trade at broken horizontal level as price is extremely sensitive at that level with SL above the level. TP targeting D swing low. Shortby royschen070
Comprehensive Analysis of the Gartley Harmonic PatternThe Gartley Harmonic Pattern, a cornerstone of harmonic trading, was first introduced by H.M. Gartley in his 1935 book "Profits in the Stock Market." This pattern leverages Fibonacci retracement levels and geometric price formations to identify potential market reversals, providing traders with a strategic edge. __________________________The Bullish Gartley Pattern___________________ Structure: X-A Leg: The initial upward movement. A-B Leg: A retracement of approximately 61.8% of the X-A leg. B-C Leg: An upward move retracing between 38.2% and 88.6% of the A-B leg. C-D Leg: The final downward movement, retracing 78.6% of the X-A leg, marking the pattern completion at point D. Entry Criteria: Entry Point: Enter a long (buy) position at point D, where the price is expected to reverse upward. This is typically the 78.6% Fibonacci retracement level of the X-A leg. Stop-Loss: Placement: Set a stop-loss order slightly below point X to safeguard against unexpected price movements. This minimizes potential losses if the pattern fails. Take Profit: First Target: Place the initial take profit target at point B, the retracement level of the A-B leg. Second Target: Set the second target at point C, the retracement of the B-C leg. Extended Targets: For a portion of the position, consider holding to capture further gains if the price continues to rise. _________________________The Bearish Gartley Pattern_____________________ Structure: X-A Leg: The initial downward movement. A-B Leg: A retracement of approximately 61.8% of the X-A leg. B-C Leg: A downward move retracing between 38.2% and 88.6% of the A-B leg. C-D Leg: The final upward movement, retracing 78.6% of the X-A leg, completing the pattern at point D. Entry Criteria: Entry Point: Enter a short (sell) position at point D, where the price is anticipated to reverse downward. This corresponds to the 78.6% Fibonacci retracement level of the X-A leg. Stop-Loss: Placement: Set a stop-loss order slightly above point X to limit potential losses if the pattern does not play out as expected. Take Profit: First Target: Place the initial take profit target at point B. Second Target: Set the second target at point C. Extended Targets: Consider holding a portion of the position for additional gains if the price continues to decline. _________________________Key Considerations__________________________ Precision: Accurate measurement of Fibonacci levels is critical. Even slight deviations can invalidate the pattern. Confirmation: Utilize additional technical indicators or price action signals to confirm the pattern before initiating a trade. This can include moving averages, trend lines, or oscillators. Risk Management: Adhere to strict risk management practices. This includes setting appropriate stop-loss levels and managing position sizes to protect capital. ____________________________Conclusion______________________________ The Gartley Harmonic Pattern is a sophisticated and reliable tool for identifying potential market reversals. By mastering the intricacies of both the bullish and bearish Gartley patterns, traders can enhance their analytical capabilities and improve trading outcomes. Integrating these patterns with other technical analysis methods and maintaining rigorous risk management protocols is essential for consistent trading success. Incorporating the Gartley pattern into your trading strategy involves practice and diligence. Ensure that you continuously refine your skills in identifying these patterns and executing trades accordingly, always mindful of market conditions and broader economic factors.Educationby trading_jupiter3310
USD/CAD Day Trading Analysis With Volume Profile 📊On USD/CAD it's nice to see a strong sell-off from the price of 1.37090. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area are my main reasons for this short trade. Happy trading, Daleby Trader_Dale2
USD/CAD Trend reset - Buy ContinuationMomentum preceeds prices! The USDCAD has had a trend reset (Secondary Trend), which is key to the Up-trend continuation. The structural point for trend reversal is 1.3656, we want to see a second breakdown below the structure without breaking below 1.3624. A trade back above 1.3656 will be the first buy, confirmation will be a trade above 1.3671. In terms of Target, we will use the Fibonacci retracement from the low to the high of 3. Target 1: 1.3780 Target 2: 1.3838 Initial Stop Loss: 1.3624Long05:54by Charts247TradingAcademy113
USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.356 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 112
USDCAD A SHARP BEARISH MOVE EXPECTEDThe USD CAD pair is expected to bounce to a level near Order Block and then show a sharp bearish move in the FVG region. The seasonality and fundamentals are also supporting the idea wherein USD is weak as compared to CAD. What are your views on this ?????Shortby NEXTIn_Financials0
USD/CAD H4 | Falling to overlap supportUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3632 which is an overlap support that aligns with the 61.8% Fibonacci projection level. Stop loss is at 1.3578 which is a level that lies underneath a swing-low support. Take profit is at 1.3719 which is a pullback 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.Long03:08by FXCM2
Buy Opportunity at the 38.2% Fibonacci Level (1.3704)We are looking to buy at the 38.2% Fibonacci retracement level, which is at 1.37. Yesterday was a big profit day for us 70 pips profits, especially with multiple pairs including USD/CAD, which saw significant upward movement. - Current Trend: We remain bullish overall. - Correction A correction is coming before the bulls return This correction has plenty of room to move lower without impacting the higher trend. Target: Our target for this move is 1.3743, which aligns with yesterday's high. Entry Details: - Entry Level 1.37048 (38.2% Fibonacci retracement level) - Target: 1.3743 - Stop Loss: 1.3658 This setup aims to capitalize on the potential continuation of the bullish trend while managing risk effectively.Longby EleazarahmathUpdated 2
correction It is expected that the price will not consolidate above the indicated resistance range. Then the continuation of the correction process will be possible. After the completion of the corrective process and with the condition of stabilization above the support range, the beginning of the upward trend will be probableShortby STPFOREX2
Bullish bounce off 61.8% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 1.3644 1st Support: 1.3589 1st Resistance: 1.3735 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.Longby ICmarkets6
Bullish setup from the FVG and BPR confluencePrice finally strongly broke up the descending trendline and created BPR and FVG, it these levels are retested I will be interested in taking long from them and targeting previous highs. always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Longby Dave-FX-HunterUpdated 3
USDCAD moving lower this week**Monthly Chart** USDCAD is moving within a large range between 1.30000 and 1.40000 level since Oct 2022 as per monthly chart range. **Weekly Chart** The pair is still moving within the range after creating a weekly key reversal around the relative equal highs. The obvious move is to downside at least to test demand zone around 1.32000 level. **Daily Chart** The expectation for this week is that USDCAD will push lower from previous swing high level. We need to see a pullback reaction before taking the price lower. Next target will be to break the previous swing low below 1.36000 level.Shortby PropSignals1
USDCAD: Shorting After Weekly Resistance Rejection (High-Risk Se The USDCAD has fallen back after encountering resistance on the weekly chart. This analysis explores the potential for a short trade, while emphasizing the inherent risk involved. Technical Analysis: Resistance Rejection: Price faced selling pressure at a key resistance level on the weekly timeframe. This suggests a potential shift in momentum towards the downside. Shorting Strategy (High Risk): Confirmation Optional (but recommended): While not strictly necessary for a short entry, confirmation from a bearish price pattern or a daily candle closing below support could strengthen the short thesis. Risk Management is Crucial: Given the high-risk nature of this setup, proper risk management is essential. Define clear entry, stop-loss (above resistance), and take-profit levels based on your strategy and risk tolerance. Important Considerations: Market Context: Fundamental factors and economic data releases can also influence price movements. Staying informed about events impacting the US and Canada can provide valuable context for your trade. Do Your Own Research (DYOR): This analysis provides a potential trade idea, but it's not a guaranteed outcome. Always conduct your own research and analysis before entering any trade. Remember: The forex market can be unpredictable. Shorting any currency pair carries significant risk. By combining this analysis with proper risk management and additional research, you can make informed trading decisions in the USDCAD market.Shortby OMGiTzREALHASSAN1
STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!! This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!! **IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!! First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) RangeShortby Novi_FibonacciUpdated 1
Key Canadian trading events this week On Friday, alongside the US PCE data release, Canada will publish its Q1 GDP growth figures. Earlier in the week, Canada will also release its producer prices data. Note that US markets will be closed on Monday for Memorial Day. According to the Royal Bank of Canada, the Canadian economy likely grew more quickly in Q1 2024 based on headline figures. However, this growth was still insufficient to keep pace with the surging population. Consequently, GDP per capita contracted for the seventh consecutive quarter. Speaking of the Royal Bank of Canada, they will also be reporting its earnings this week, along with other major Canadian banks. Tuesday, May 28 Earnings: Bank of Nova Scotia Wednesday, May 29 Earnings: Bank of Montreal, National Bank, EQB Inc. Thursday, May 30 Earnings: CIBC, Royal Bank of Canada Friday, May 31 8:30 a.m. Canada Q1 GDP Earnings: Laurentian Bank, Western Bank The USD/CAD ended its four-day winning streak on Friday, closing down by half a percent at approximately 1.3660. Declining crude oil prices had been putting pressure on the CAD until now. Buyers could step in around this level for a potential bounce back though. Additionally, the upcoming OPEC+ meeting on June 2 could influence this pair. Market participants are watching for potential output cut extensions by major producers to address global oversupply concerns and support prices, which might cause hesitation among USD/CAD buyers at the 1.3660 level. by BlackBull_Markets2
USDCAD Analysis Dear traders, USDCAD broke out the down trend channel, by that it activated a sequence for higher targets, and made a correction for the golden fibbo zone. i believe that USDCAD is going long.Longby Hassanberjawi3317
Usdcad analysis Price has taken the previous low,making it a break of structure.for we waiting for the market to tap into the point of interest before falling even further.Longby CurrencyMomentumFX3
BUY USDCAD for uptrend continuation BUY USDCAD for uptrend continuation STOP LOSS : 1.3595 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX8
USDCAD Buys BOS in 30 minute to the upside Price looks to be in an uptrend Taking this to previous high.Longby tallbroketraderUpdated 5