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
Fast Scalp UsdCadUsdCad Scalp lets see what going to happen 6 pip Stop Loss ! 13 RR Longby KhodeAlexUpdated 3
USD_CAD SHORT FROM RESISTANCE| ✅USD_CAD is going up to retest a horizontal resistance of 1.3790 Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 1.3730 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx111
"Analysis USDCAD: Buyers and Sellers Clash at the Box Ceiling"💹 Let's dive into the analysis of this popular forex pair at the start of the week. We'll update our previous analysis and identify new triggers for potential trades. 🌟 Weekly Updates: Starting from Monday to Wednesday, we'll cover , Monday: Bitcoin and Dominance analysis , Tuesday: Ethereum and ETH/BTC analysis , Wednesday: Gold analysis These are in addition to our daily analyses. 🎉 Channel Milestone 500 Followers: Thank you all for helping this channel reach 500 followers! Our next goal is 1,000 followers. Let's keep growing together! 📊 Previous Analysis Review: In the previous analysis, we anticipated a long position because the price had pulled back to a broken daily support and then confirmed the trigger by breaking a descending continuation trend line. After breaking 1.36730 with a confirmation candle due to strong buyer pressure, we opened a long position. However, upon failing to break the 1.37806 ceiling, and with a lower peak, I closed the position at a risk-to-reward ratio of two. 📅 Weekly Time Frame: We remain within the range box of 1.31521 to 1.38749. Currently, we're grappling with the ceiling resistance. A break above 1.38749 could initiate a favorable trend towards the 1.43505 resistance. Additionally, there's a long-term ascending trend line. To maintain a bullish outlook in the long term, we should avoid stabilizing below this trend line. 🕰️ Daily Time Frame: After breaking the 1.36048 resistance and advancing towards the resistance, the upward momentum waned, prompting a move back to support before attempting another advance, albeit with less force. There’s also an ascending trend line. If this breaks and we stabilize below the 1.36048 support, we could see a move towards the daily box bottom at 1.31521. ⏳ Four-Hour Time Frame: We're in an uptrend, but since the last rejection at 1.37806, the bullish candle strength has diminished, which could be an early sign of a potential trend change, although it's too soon to confirm. Should the price break this parabolic curve line and confirm below the 1.37253 trigger, lower levels might be targeted in the short term. 📈 Long Position Strategy: With trend confirmation and strong buyer momentum, we can open a long position after breaking 1.37806, taking the risk before breaking the weekly resistance for a potential sharp breakout and an excellent trade opportunity. 📉 Short Position Strategy: I prefer not to short, but due to recent market candles and diminished buyer strength, I'll consider shorting after strong red candles and a break of the parabolic line and 1.37253 trigger. 💰 For stop-loss, keep the short position's stop-loss tight to exit quickly if the market resumes its uptrend, allowing for a long position if conditions favor it. For long positions, use a reasonable stop-loss to stay in the market during new trends. 🔑 Upcoming Supports and Resistances: Supports: 1.36629, 1.36073 Resistances: 1.37806, 1.38749 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA2210
USDCAD: Detailed Support & Resistance Analysis 🇺🇸🇨🇦 Here is my latest structure analysis for USDCAD. Vertical Structures: Vertical Support 1: Rising trend line Horizontal Structures: Support 1: 1.3664 - 1.3682 area Support 2: 1.3590 - 1.3627 area Support 3: 1.3547 - 1.3570 area Support 4: 1.3420 - 1.34920 area Resistance 1: 1.3777 - 1.3804 area Resistance 2: 1.3828 - 1.3846 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader111
U.S Dollar / Canadian Dollar _ Under _ Trading _ Venue _ OANDAU.S Dollar / Canadian Dollar _ Under _ Trading _ Venue _ OANDA $1.37741 $1.37963 $1.38192 1st Distribution price : $1.38510 _________________________________ After the distribution Retest ( Drop) must hold within the following key level : $1.37368, $1.36788 , $1.36518. _______________________ After the retest is confirmed we will be expecting the following distribution prices: 2nd Distribution price: $1.38651 $1.39199 $1.39736 $1.39793by Skill-Knowledge-Conduct0
USD/CAD Primed for Bullish ContinuationHello Everyone, The USD/CAD pair is positioned for further gains, with all indicators suggesting a bullish continuation. TradeWithTheTrend3344Longby TradeWithTheTrend33441
Possibility of uptrend It is expected that the price will move according to the specified path and after some fluctuation, the continuation of the upward trend will go up to the ceiling of the channelization. Otherwise, it will be possible to continue the corrective process up to the specified support levels Longby STPFOREX0
Analyzing USD/CAD using price action Using a break and retest strategy with price action analysis for USD/CAD involves identifying key support and resistance levels and then waiting for the price to break through these levels before entering trades on the subsequent retest.Longby thulasizwephetha230
USDCAD long term As long as we stay above 1.35 I think we going up to 1.5 or 1.55Longby wolffarchitecture1
USDCAD Trading Signal: Buy OpportunityAttention Traders, We have identified a potential buy opportunity for the USDCAD currency pair. Here are the details of the trade setup: Direction: Buy Enter Price: 1.37222 Take Profit: 1.37614667 Stop Loss: 1.36815667 Justification for the Signal: Our forecast is based on an in-depth analysis using the EASY Quantum Ai strategy, which considers multiple market indicators and data points to generate precise and reliable trading signals. 1. Technical Indicators: Our algorithm has identified a strong upward momentum in the USDCAD pair, supported by key technical indicators such as Moving Averages and RSI, suggesting a continuation of the uptrend. 2. Market Sentiment: Market sentiment data points toward a bullish outlook for USDCAD, with significant buying interest observed in recent trading sessions. 3. Economic Factors: Favorable economic conditions for the US Dollar, in contrast to the Canadian Dollar, are expected to drive the pair higher. This includes positive economic data releases and central bank policies favoring USD. Please be diligent and manage your risk appropriately by adhering to the Stop Loss and Take Profit levels provided. Happy Trading, The EASY Quantum Ai TeamLongby ForexRobotEasy0
USDCAD - sell ideaHS pattern may trigger the start of the extended move to the downside Tried to mark the structure as I see it A leading diagonal is strange, but it qualifies Trade safeShortby Alpha_MindUpdated 0
USDCAD 1H Long Trade - 1:3 RRRPair: USDCAD Action: Buy RRR: 1:3 SL: 1.36572 TP: 1.39000 Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Longby panjikadarUpdated 1
USDCAD Monthly IdeaUSD/CAD is poised for a breakout! Based on technical analysis, we're looking at a potential surge from the current 1.37660 all the way up to 1.52000 This could be a significant move, so keep your eyes peeled on the charts. Do your own due diligence and factor in any upcoming economic news that might shake things up. As always, trade safe!by GOLDFXCC0
LONG TERM BUY USDCADIn a wide idea, USDCAD bought from June 2021. It has been pulling back and buying. There at the top, the pair left double top (liq) it must be swept no matter the long time is will takes When it buys there is trendline liq below. In the current price, we may witness a pull bach and rally again to MONTHLY OB a ove. This is just expected move Longby BoaNergeTrading110
USDCAD.. only one area, holding or not?#USDCAD.. so far market trade in range from last few decades but now today is NFP and after that in next week we have FOMC as well. And upside we have only single area that is 1.3720 around Keep close it and breakage of that level this time it will be very expensive. Keep close it and buy only above that level and above that level a new buying era will start .. Good luck Trade wisely by AdilHussain7313330
lond ideabullish momentum signal, daily combined with h4 and h1 suggesting a move to the upsideLongby Khalidd93Updated 3
USD/CAD: Strong Buy with Key Support Above Pivot PointsHello Everyone, USD/CAD is currently a strong buy, but it's essential for the price to remain above the 1-month/1-week pivot point to see further upside potential. TradeWithTheTrend3344Longby TradeWithTheTrend33444
UCAD BUY Trade Plan...Checking For...1. Buy Low at Previous Support 2. TP some... 3. On break of level... Check for Bullish PA to add...Longby shermanchooUpdated 0
USDCAD SELLHi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.3563 level. Good luck and trade safe!Shortby OGwavetraderUpdated 4
USDCAD LevelsI would like to say that these levels were designed to include the potential scenario where a correction from the recent bullish move gives rise to another wave pointing up, but unfortunately this whole design was developed for only bearish scenarios, at least until the middle of the project. The polygon lurking near the current trading zone is a mystery as I am not convinced it can be penetrated, but I have left some icons in it just in case for potential milestones or even turnarounds. The elements of higher interest for me in this project are the marked price levels for potential support/resistance action. The rectangles are not developed in a similar fashion, they are more like wild cards in case the price action will follow their overall design, then, after some confirmations of their relevance I might take them into account in trying to foresee what could happen, or even just use them as reference elements in update comments analysis . While the project is design for a more bearish scenario, it will also try to catch the waves in both direction while we travel into the future, meaning all relevant candlestick setups near the elements will be considered for inspection regardless of the potential direction of the reversal.by nenUpdated 1
USDCAD breakout possible todayIntraday Update: Ahead of the Bank of Canada rate decision today, the FX:USDCAD is in a (bearish wedge) with key support at 1.3600, resistance at 1.3700. The market is divided on a cut or not, so a breakout of the wedge is possible, but a hold could allow for a slide back below the key 1.3600 support. We should also mention, US services ISM is due out around the same time which could add to the directionality of the pair as well. by ForexAnalytixPipczar1