U.S. Dollar / Canadian Dollar

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USDCAD Try to get up to YTD +5% but must pass Bear fortification. I don't know. Just step aside n watch the show. Let'em fight...


USDCAD is maintaining its bullish structure on the 1-hour timeframe after breaking above a prolonged consolidation range. Price respected the ascending trendline and successfully retested the breakout zone, indicating that buyers remain in control. The recent rebound from trendline support suggests the pair could continue higher if bullish momentum persists.




USDCAD Strategy: Hunting the Trendline Buyers 1. Market Context On the $1\text{H}$ chart of image_b07c84.png, USDCAD swept liquidity at the local high of $1.40170$ ("No Seller") and is currently retracing. The price is trading around $1.39727$, sitting just above the critical horizontal support of $1.39600$ and the ascending trendline. 2. Sentiment & Price Action • The Fakeout ($1.40170$): The aggressive push to $1.40170$ trapped breakout buyers. The quick rejection marked as "No Seller" confirmed institutional distribution and a lack of buying follow-through. • The Retail Buyer Trap ($1.39600$): Retail traders are buying ("Buyer") the retest of the $1.39600$ key level and the major ascending trendline. This creates a dense pool of sell-stop liquidity (stop losses) directly below the trendline support. • The Short Thesis: We expect the market to break down through the trendline to sweep these trapped buyers' stop losses, driving the price rapidly lower. 3. Trade Setup (The Liquidity Run Play) We aim to short the exhaustion of the retail buyers, targeting the liquidity pool below the trendline. • Entry: $1.39727$ (Selling the retail buying exhaustion). • Stop Loss (SL): $1.40171$ (Placed safely above the "No Seller" liquidity sweep high). • Take Profit (TP): $1.39030$ (Targeting the liquidity run below support). • Risk-to-Reward Ratio (R:R): $\approx 1.57:1$.


USDCAD USDCAD – SELL SETUP Entry: 1.3980–1.4015 • 1.3910 • 1.3850 • 1.3780 🔴 SL: 1.4070 📊 Reason: Price is testing a key resistance ceiling → sellers expected to protect the zone and drive momentum lower⬇️


USDCAD USD/CAD is showing bearish pressure after rejecting a key resistance zone around 1.3960–1.3965. Price previously formed a descending channel and failed to sustain a breakout above the resistance area, indicating that sellers remain in control.