U.S. Dollar / Canadian Dollar Forum & Chats (BLACKBULL:USDCAD)

etrade360

19 hours ago

Just updated formation...

shiraz_ahmadi

21 hours ago

time to long bois

HoneySpotTrading

yesterday

Here’s my view — what’s your thoughts on it?

The-Thief

yesterday

🏆 Plan & Thesis:
The Loonie is approaching a critical juncture! 🧐 We are stalking a potential bullish breakout above the strong resistance zone at 1.41400. Our plan is to patiently wait for a confirmed breakout and momentum shift, signaling the next leg up. This is a swing trade opportunity targeting a key resistance area.

⚡ Why This Setup?
Key Resistance Break: A decisive break above 1.41400 indicates buyer strength overpowering sellers.
Trend Continuation: Aligns with the broader bullish structure on the higher timeframes.
Low-Risk, High-Reward Entry: Using the "Thief" layer strategy to optimize our average entry price.

📈 Trade Execution Details:
🎯 Entry Strategy (The "Thief" Layer Method): 🤑
We do not chase the price! We use a strategic layer of Buy Limit orders to enter on any retracement after the breakout is confirmed.
Layer 1: 1.41200
Layer 2: 1.41000
Layer 3: 1.40800
Layer 4: 1.40600
👉 You can adjust the number of layers and levels based on your capital and risk appetite.

🛑 Stop Loss (RISK MANAGEMENT):
A consolidated stop loss is placed below all entry layers at 1.40400.
⚠️ Disclaimer: This is MY stop loss. Please adjust your position size and SL based on YOUR personal risk management strategy. Protect your capital!

🎯 Take Profit Target:
Our primary profit target is set at 1.42100, a zone of strong historical resistance where we anticipate a pullback or overbought conditions.
💡 Pro Tip: Consider taking partial profits on the way up and moving your stop loss to breakeven to secure risk-free trades!

🌐 Market Context & Correlated Pairs to Watch:
Understanding correlations is key to validating this thesis! Keep an eye on these:

USDCAD & USDX (DXY): 👑 DIRECT CORRELATION. A stronger US Dollar Index typically boosts USD/CAD. Watch for DXY strength to confirm our bullish bias.

USDCAD & WTIC (Crude Oil): 👑 INVERSE CORRELATION. Canada is a major oil exporter. If Oil prices fall, CAD often weakens, pushing USD/CAD higher (bullish for our trade).

EURUSD & GBPUSD: These major pairs often move inversely to the USD. If they are falling, it can signal broad USD strength, supporting our USD/CAD long.

Juicemannn

2 days ago

Price is bullish across the higher timeframes — everything is mapped, refined, and aligned. Throughout this bullish leg we’ve seen multiple internal structure breaks, which originally made it unclear which liquidity point price wanted to target. Instead of forcing an expectation, I marked the liquidity sitting at the last low of the bullish leg, where the origin could eventually be tapped.

But price made it clear: order blocks aren’t the first priority — structure is.
Lower-timeframe structure confirmed the switch, giving us the clarity we needed and validating the continuation of the bullish run.

From here, we’re waiting on the lower timeframes to take sell-side liquidity, fall into the order block beneath, and give us that clean mitigation before continuation.

Targets:
• 5-minute highs
• 4H highs
(Depending on delivery and momentum)

Until then, we chill, stay patient, and let smart money drive direction.
We just follow the footprints and execute when the market gives us permission.

Let’s go. 🔥