High Valid has been created on H4 TimeframeSwing high H4 has been created on TF H4, after that there was a CHoCH on 1 H tf. so i hope to take short opportunities take advantage of the retracement.Shortby richardos766hi8
USDCADUSD pairs to be getting weaker, so we can expect this pair to trend down.Shortby RicoTrades_115
USDCAD: symmetrical triangle pattern forming will it break up or break down? we shall see. by jaudio20174
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37600 support and resistance area. Trade safe, Joe.Longby JoeChampion6
USD CADUSDCAD long idea. strong USD fundaments (COT data) and rejection of previous supportLongby iainfallowfield2
USD/CAD Sell Trade Analysis: Exploring Short OpportunitiesThe USD/CAD currency pair presents an intriguing opportunity for a sell trade, with technical indicators suggesting a potential downward movement in price. Technical Analysis: Resistance Level: The pair is currently approaching a significant resistance level, which has historically acted as a barrier to further upside movement. This resistance level indicates a potential area for initiating a sell trade. Trade Recommendation: Entry: Consider entering a short position as the price approaches the resistance level, ideally after confirmation of bearish price action such as a bearish engulfing candlestick pattern or a rejection from the resistance level. Stop Loss: Place a stop loss above the resistance level to manage risk in case of a breakout. Target: The initial target could be set at a support level or a previous swing low, with potential for further downside if the bearish momentum strengthens. Disclaimer: Trading forex involves substantial risk of loss and is not suitable for all investors. The analysis provided here is for informational purposes only and should not be construed as investment advice or a recommendation to trade. Always perform your own due diligence and consult with a qualified financial advisor before making any investment decisions. Past performance is not necessarily indicative of future results. Trading carries risks, and it's essential to only trade with capital you can afford to lose. Shortby Maven_Trader243
USDCAD Buys1 HR and 4 HR time frames are Bullish There is 1 HR and 4 HR Demand zones Price Broke Structure and is retesting Demand Zones for possible Bullish Run Wait for Your favorite Entry signal in Demand Zone Place SL below Demand ZoneLongby adrianvasquez931
USDCAD Near the 5-month High. Strong SELL.The USDCAD pair hit our 1.36200 Target (February 09, see chart below) and even broke above the Symmetrical Resistance Zone: The price now sits at the top of the 2024 Channel Up, a similar pattern with the July 14 - November 01 2023 Channel Up. In fact the pair is approaching that November 01 High (Resistance 1) and being at the same time on an overbought 1D RSI while the 1W RSI is approaching the 13-month Resistance Zone, is turning into a very strong sell again. Such tops have given a minimum of -3.23% declines (February 02 2023) during this 18-month period that the pair has been ranging. As a result, our new medium-term Target is 1.34500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot10
possibility of uptrend As long as the price fluctuates above the green support area, it will be possible to continue the upward trend up to the indicated resistance areas. Then, when the price reaches the resistance ranges, the behavior of the price in these ranges should be examinedLongby STPFOREX0
USD/CAD Dump n PumpPrice may take the Low of the Day in the London session and either start to rise and consolidate before Ny session for the dump into the Low of the Day before the takeoff upwards. Look for your buy setups.Longby amenti02022
USDCAD: Bulls in ControlOn an hourly timeframe, USDCAD is printing Higher Highs and Higher Lows. A trade is suggested on 38.2% Fibb level. Longby CipherCharts1
Following up on my last idea now it is time to sell failed to break through a key resistance level showing big wicks of resistanceShortby ReekCatchinPips3
USD/CAD Short FX:USDCAD Rejected the weekly supply but looking for further upside more towards 1.38660 for a bigger rejection, first target would be 1.37300 see how it reacts at that level for either a bounce or if the downside continues then looking at 1.36740. But with DXY being as strong as it is I see this unlikely to happen Shortby ScottyWhite2
USD-CAD Short From Resistance! Sell! Hello,Traders! USD-CAD is trading in a Strong uptrend but the Pair will soon hit a horizontal Resistance of 1.3889 from Where we will be expecting A bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too! Shortby TopTradingSignals113
USD / CAD Bat - daily . I present a technical analysis of the USD/CAD currency pair in the BAT harmonic system on the D daily chart. The price is in the oversold zone and is also approaching resistance and support. In my opinion, it would be good to wait for confirmation of the trend, starting from the daily chart D, H4 and ending with H1. You can take into account: -RSI - STOCHASTIC - BOLINGER BAND - SUPPORT RESISTANCEby stolek1
USDCADLook forward to the nearest target being the 1.3828 (Price Objective for channel) in the short term. Then maybe a retracement before continuing trend and aiming for next resistance.Longby GhosTrader_GTUpdated 1
USDCAD-BEARISHRising Wedge delayed its affects. But thanks to the smart decided entries we most of the time avoid the unwanted losses. As the momentum stays 90% bearish I still am optimist as the DXY seems shredded too. With multiple reasons still intact with rising wedge. I will still stick to the selling side with some changings in actions. Manage your own risk according to the size of your account. Thanks My Positions Sell Stop : 1.3775 Stop Loss :1.3844 TP1 : 1.3706 TP2 : 1.3637 Shortby tayyabbarakzoi4
USDCAD Could move 1,064pips up the next month.The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly perspective there is plenty of buy side liquidity in USDCAD. If you look at the chart you will see two blue circles and a dollar bill between them . Those highs have not been liquidated yet. The price is aggressively chasing those highs. According to the explanation provided the price is extremely bullish because is moving to a strong liquidity area. From monthly perspective the price already liquidates sell side liquidity. If look at the chart you will see a yellow circle . The yellow circle represents the sell side liquidity that was liquidated by the price. The price has bullish structure. The price is making higher highs will doing so liquidating sell side liquidity. There is a lot of optimists about the dollar getting stronger in the near future. DXY has bullish structure. The DXY is currently making a retracement. It is currently at 50%. We could assume that is very close to be ready because it took sell side liquidity as well. In other words, the CAD is getting weaker and the USD stronger.Longby WiisoUpdated 224
USDCAD SHORT USDCAD has been in an uptrend but we can observe a Divergence on the hourly TF coupled with a Harmonic Reversal Pattern. Shortby Trader-Hash1
USDCAD interesting zone We are testing an area that was once resistance. Is this an opportunity to go long? We are waiting for confirmation and are aiming for the recent high.by FSM_Trading2
USDCAD short looking at the short might but it go against me if CPI for CAD comes out strong Shortby edwardsdevon06
USDCAD - near to his day support? holding or not?#USDCAD. well guys after bounce market now at his today supporting area that is 1.3720 mentioned in black line, keep close that supporting area because if market hold it and didnot close below that level then further bounce on table, keep close it and stay sharp. good luck trade wiselyby AdilHussain731333Updated 2
LOOKING FOR SHORTS ON USD/CADUSD/CAD 1D - As you can see from the screenshot above, price has traded us into the Supply Zone I have marked out for us, we have seen that price has rejected well from this area and shown signs of reversing. In order for us to have the confirmation that price is reversing from this area and is trading us lower in the market we want to see price break structure fractally to this timeframe, this will confirm the end of the correction and the start of the next impulse. As we know this market is trading us in a bearish way on the highest of timeframes meaning the prevailing trend and our bias should be to sell. This area of interest I have marked out is perfect for us as it represents and area of Supply. As you can imagine SHORT orders will be filled once price penetrates this zone and LONG orders will be closed, this giving us that S&D flip we are expecting putting strength in Supply and weakness in the Demand. I will look for an entry once we have been delivered with further confirmation to go short, for now I have set my alerts and will wait patiently.Shortby Lukegforex6