Trade ideas
Bullish bounce off for the Loonie?The price is falling towards the support which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3758
Why we like it:
There is a pullback support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.3702
Why we like it:
There is a pullback support that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.3854
Why we like it:
There is a pullback resistance.
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USD CAD Where Are We Heading DEEP ANALYSIS Hi Trading Fam
So with USD CAD this is what we are seeing:
Bearish:
If we stay under 1.38 then a drop down to the 1.37 range
Bullish:
If we can close above the high at 1.38 then we have levels of 1.3840 , and 1.3980 that could be hit
Trade Smarter Live Better
Kris
USD Could Gain Further Against CAD Despite Weak Jobs ReportThe weaker-than-expected US jobs report on 1 August, along with significant downward revisions, sent shockwaves through the market, and the US dollar was not spared. The stronger upward momentum observed over the past couple of weeks seemed to vanish almost instantly. Although the USDCAD has recently moved lower, it still maintains strong bullish momentum, indicating a potential move back toward higher levels.
The USDCAD formed a rather convincing triple-bottom pattern in June and even moved above a long-term downtrend. Additionally, the currency pair rose above the neckline of the triple bottom at 1.376, which now serves as a support level. Momentum, as measured by the Relative Strength Index, has turned upward and suggests that the USDCAD could move higher.
To further reinforce the bullish trend, the USDCAD remains above its 10-day exponential moving average. Therefore, while the prevailing market sentiment might lead one to believe the dollar will weaken, technical indicators suggest that the Canadian dollar will continue to weaken against the US dollar if support and the moving average around 1.37 hold. A break below this support area would indicate a trend reversal, potentially causing the USDCAD to fall back to lows around 1.358.
However, if the bullish trend persists and the USDCAD manages to hold above support at 1.37, the currency pair could head higher towards 1.397, retesting a resistance level established in mid-May.
Written by Michael J. Kramer, founder of Mott Capital Management.
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed.
No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
Usdcad buy Remain strong bullish
Trend broken
Respecting its support level wait for LTF confirmation the. Straight buy
Smart Money Is Setting the Trap… Are You Walking Into It?”“💥USDCAD About to Explode — Final Wave Is Loading.
📉 If You Miss This Entry, You’ll Chase the Exit.
🧠 Wave 5 ≠ Just Another Move
It’s the final shot before the reversal storm.
✅ All signs point to liquidity being hunted
📍Stay sharp. 1.403 may be the bull trap of the year.
🎯 Make no mistake — the market is not random,
it’s engineered to fake you out before the real drop.
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USDCAD: Long entry trigger on 4HGood morning everyone,
today I am sharing a Long signal received now via alert from the LuBot Ultimate indicator.
I will enter on correction (around 50% of the trigger candle).
TP slightly higher than suggested at 1.1850 e
SL on the suggested level.
The signal is confirmed by the positive structure (green candles) just started on the 4H and a bullish trend confirmed by the signal a few candles back.
The predictum also shows a rising signal, thus predicting a positive situation for the current month.
👍 If you want to see other similar posts, like/boost
🙋♂️ Remember to follow me so you don't miss my future analyses
⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
Watching Retracement Levels for Potential USDCAD Entry📈 The USDCAD remains firmly in a bullish trend following a sharp pullback on the 4-hour timeframe. Price continues to print higher highs and higher lows, showing sustained upward momentum. I’m watching for a retracement back into equilibrium of the previous price swing — if price dips and then breaks structure to the upside, I’ll be eyeing a potential long entry 🔍📊 (not financial advice).
USDCAD Daily AnalysisUSDCAD has recently completed a clean 5-wave Elliott Wave decline, reaching a significant low at 1.3540 on June 16, 2025. This low marks the end of the bearish cycle, followed by an accumulation phase. During this phase, price formed a triple bottom pattern, confirming strong demand around the 1.3540–1.3560 zone.
The breakout above the neckline confirms this reversal pattern, and price is now retesting the previous resistance zone (1.3750–1.3770), which has turned into support.
The pair is also trading above the 21-period EMA, reinforcing the bullish momentum.
Elliott Wave & Structure Outlook
Elliott Wave count shows a completed 1–5 bearish wave, followed by a corrective bullish structure in progress.
Wave A of the corrective move has likely completed, and Wave B retracement is underway.
A continuation toward Wave C is expected, targeting the 1.4180–1.4300 resistance area, aligning with prior major supply zones.
Trade Plan
Buy Entry Zone: 1.3750 – 1.3700
Stop Loss: 1.3560 (below structure support and trendline)
Take Profit Targets:
🎯 TP1: 1.4000
🎯 TP2: 1.4180
🎯 TP3: 1.4300
USDCAD has shifted from a prolonged bearish trend into a bullish corrective phase. A successful retest of the breakout zone offers a high-probability long trade setup. Breakout and continuation toward 1.4180–1.4300 aligns with wave theory and technical resistance zones.
Buy USDCADLooking to buy it if it reaches my zone, though the market does whatever it wants, we ride along
USDCADOANDA:USDCAD price overall is bullish but since there's no liquidity above after that distribution we're most likely to see a sell. But anything can happen we'll see it goes but you guys do let me know what you think on the comment session 💯🤔 your ideas matter to me.
USDCAD is forming a bullish structure.We can a clear bullish structure forming after a series of higher highs and higher lows, indicating bullish momentum building. Recently, price rejected from a key swing high and appears to be pulling back. This pullback is targeting a Fair Value Gap (FVG) marked in the blue zone then bounce from the FVG zone back toward the overhead Liquidity Zone.
USDCAD MM triggered a false breakout to fallMM provoked a false breakout of the resistance range; there is no continuation of the upward momentum. The price has returned to the range and is forming a consolidation, the goal of which may be to accumulate potential for the continuation of the downward movement.
The market has a strong downward trend structure. After a false breakout of resistance, MM has the potential to move the price down. The target is the liquidity area consisting of a cascade bottom: 1.357, 1.355, 1.354.
USDCAD: Strong Bearish Signal?!The 📈USDCAD pair appears to be bullish following more than a month of consolidation.
The bullish breakout from a sideways range support serves as a strong confirmation signal.
Indicating an expected upward movement towards at least the 1.3950 support level.
USDCAD Long?- In the monthly (higher timeframes), USDCAD is bullish.
- In the weekly timeframe, price reaction seems to trace a clear uptrend
- In the daily timeframe, it is also in a clear uptrend but at retracement phase due to a hidden 1 day invalidation.
- With our current 4hr timeframe forming what looks like an accumulation in an important psychological level we are tracing for low risk (14 Pips) high reward of up to 1:13 on the trade.
usdcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
USD/CAD Poised for a Bullish Breakout: All Eyes on 1.41
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🚀 **
The BAT formation is checking every box—whether you’re analyzing the correction of point **C from AB** or a deeper retracement of **B from XA**, the technical structure is screaming potential.
📊 **Fibonacci Magic**
We’ve got confluence across key Fib levels, with the final projection targeting **1.41**, a crucial resistance that aligns with multiple technical cues.
📉 **Bearish Trendline AC? Consider It Challenged.**
A decisive breach above the descending **AC trendline** would be a powerful confirmation of bullish momentum—and the market’s intent to rally.
⚠️ **Risk Strategy**
The setup remains valid as long as price holds **above point X**. A protective stop-loss below X keeps the trade clean and controlled.
🎯 **Trade Outlook**
With a solid harmonic base, technical alignment across retracement zones, and trendline pressure building, USD/CAD could be gearing up for an aggressive move north. It’s not just a chart—it’s a story, and right now, the plot points to 1.41.
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#USDCAD Possible sale or possible purchase for this pair, whatever the market does first. When it reaches any of our marked zones. We will use an OBB or OBS. Using good R.R. management.
USD/CAD Ascending Triangle Breakout, Support at Prior ResistanceWhile USD/CAD was one of the cleaner pairs for USD-weakness in Q2, the past month and change has seen a shifting backdrop in the pair.
The 1.3750 level remains key and this was the price that set the low in early-May, leading to a rally up to 1.4000, which sellers defended well. That drove another fresh low but bears suddenly got shy above the 1.3500 level, leading to a pullback in June.
Since then - there's been a build of higher-lows with the trendline produced by the June and early-July swing low bringing another support inflection two weeks ago. And then the rally from that finally led to a break of the ascending triangle formation which had built with resistance at 1.3750.
Now that the USD is pulling back, so too is USD/CAD, and interestingly, this could be one of the more attractive venues for looking at USD-strength continuation scenarios given that recent bullish structure. - js
USDCAD IDEAConfluence of Previous weekly high with Daily EBP (Engulfing Bar Play), 4 hour entry after 4h Order block taken and 4H IFVG.
USD/CAD – Possible Pullback on the RadarThis pair is forming a potential pullback setup that we’re keeping a close eye on.
The support zone is decent, but not ideal — which means we’ll need to see extra confirmation from both volume and momentum before considering a trade.
As always, every part of the VMS strategy must align before we take action. Until then, it stays on the watchlist.
Discipline over impulse. Patience over prediction.
USDCADPossible Short, head and shoulder with target matching with fibo levels, i can see down channels
