USDCAD 28 May 2024Alright , here we have USDCAD and I highlighted 2 areas and i believe Bears will push the market down ! So , it is wise to sell at these levels ! Shortby wolf9743223
90% TRADE PROBABILITY - SELL USDCADAs shown , Goodluck the Market is fully priced for the USD rate hike ! expect USD to get lower whenever there is a chance Shortby solimanz82Updated 2
USD/CAD SHORT from 1.3660USD/CAD has been declining since last week and shows not sign of finding support. The Andean Oscillator on the H1 time frame turned BEARISH towards the end of last week and with no obvious levels of support we can expect to see the price of USD/CAD drift lower to 1.3588 area where BUYERS may well lie. A look at the H4 time frame is revealing. All 4 EMA's (25/50/100/200) are grouped together and the price is now below this group. This means that USD/CAD BULLS would have to push through all these EMA's to head north and this seems unlikely in the absence of key drivers. THe only news on the horizon comes at 15:00 tomorrow with the CB Consumer Confidence which is not generally a big move so if this print disappoints then we can expect to see USD/CAD decline at a faster rate. The D1 time frame suggests we could be headed for the 200 EMA at 1.3570. If this key level breaks then there's nothing to stop USD/CAD heading much lower but any significant CAD or USD news would set the agends for this pair. With the Bank Holiday price action will be slow so I expect to see a gradual but steady decline with this pair. Shortby forextraplacesUpdated 887
USDCADThe Chart is printing LHH And LL as its making Bearish trend with No Divergence Shortby Azeem2080
USDCAD SECOND BUY ZONE Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB112
USDCAD WILL GO UP BUYManage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB0
USD-CAD Long From Support! Buy! Hello,Traders! USD-CAD is going down Now but the pair will soon Hit a strong horizontal Support level of 1.3598 From where we will Be expecting a local Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals223
USDCAD: Important Key Levels & Structure Analysis 🇺🇸🇨🇦 Here is my latest structure analysis and important key levels to watch on USDCAD. Resistance 1: 1.373 - 1.376 area Resistance 2: 1.377 - 1.380 area Resistance 3: 1.383 - 1.384 area Support 1: 1.359 - 1.360 area Support 2: 1.354 - 1.357 area Support 3: 1.342 - 1.349 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader116
✅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