CADUSD trade ideas
USDCAD scalp short on exhaustion reversal
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
1. Wave 5 exhaustion on mult timeframes
2. Overbought 30m/1h/1D
3. Shooting star candle printed on 1h
Analysts note that USDCAD is trading within a rising channel since late September, recently peaking at 1.4178. The bullish momentum suggests potential for further gains, but short-term corrections (ie. why we're scalping) are common as traders take profits and reassess positions.
Market Sentiment and Data Releases: With key U.S. and Canadian employment data released recently, markets may experience volatility as traders digest the information. This can often lead to short-term corrections as the market adjusts to new economic indicators.
Be Alert.
Trade Green.
USDCAD H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.4242, a resistance that aligns with the 161.8% Fibonacci extension
Our take profit will be at 1.4185, a pullback support.
The stop loss will be placed at 1.4265, which is a swing-high resistance.
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USDCAD - 4hrs ( Buy Trade After Retest Tp Range 180 PIP )Pair Name :USD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Long After Retest )
———————————
Bullish Retest
1.41100 Area
reasons
- Major Turn level
- Visible Range Hvn
- Pattern Retest
- CHoch zone
- Fibo Golden
Bearish Reversal
1.43000 Area
Reasons
- Major Turn level
- Visible Range Hvn
- pattern Target
- Visible range Hvn
- Fibo Golden Zone
#USDCAD 4HUSDCAD 4-Hour Analysis
The USDCAD pair is forming a wedge pattern on the 4-hour chart, with price action showing signs of bearish pressure near the resistance area. Additionally, a sell engulfing candlestick has appeared, reinforcing the likelihood of a downside move. This confluence of bearish signals provides a potential sell opportunity.
Technical Outlook:
Pattern: Wedge and Sell Engulfing Area
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position upon confirmation of continued bearish momentum, such as a break below the wedge's lower boundary.
Traders should watch for additional confirmation through bearish indicators like RSI showing overbought conditions or MACD signaling a bearish crossover. Implement proper risk management by placing stop-loss orders above the sell engulfing area and targeting key support zones below the wedge.
USD/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
The BB upper band is nearby so USD-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.405.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD 1 Hour H&S. Strong divergence / ShortNice H&S setup. Waiting for a break and close and a retest of the neckline. back down to a strong support level.
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Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
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usdcadCPI data print will be watched as well as the bank of Canada BOC Rate Statement and Overnight Rate
BOC Press Conference
Optimism for the Gopher or its smoke and mirrors?USDCAD seems to be continuing with its long term Bullish trend. Is this some kind of a trap or its indeed on ascension?
USDCAD likely to go long!!USDCAD shows a strong tendency to move higher. There is a significant possibility of finding support around the 1.4155 level, after which the pair is likely to rise further toward 1.42554.
1-hr USD/CAD: The Bulls Are In Control After the announcement of Trump’s proposed tariffs on Canada, USD/CAD surged by 200 pips within hours. Following this sharp increase, the pair experienced a correction, which drew additional buyers, reinforcing the clear and strong upward momentum. Currently, a Multiple Top pattern is forming near 1.4180, a pattern historically associated with breakout opportunities. However, short-term pullbacks remain likely, particularly given the ongoing market volatility. Traders looking to align with the broader uptrend in USD/CAD may consider waiting for such a pullback to secure a more favorable risk-reward ratio. Immediate support around 1.4130 stands out as a potential entry point, especially since it coincides with the 23% Fibonacci retracement.
#USD #CAD Short Set UpWe have a double top with bearish divergence. I will short on the break of 1.41665
Entry 1.41665
Stoploss 1.41953
TP-1 1.41377
TP-2 1.41089
Does the Canadian dollar have a bullish surprise up its sleeve?This is the question I am asking myself as we head into 2025. CAD has been the weakest major for some time now based on the BOC's easing cycle, and we saw a record level of net-short exposure against it in August, and another surge of shorts in November. This strikes me as a stale trade that is vulnerable to a shakeout, and it might not require a particularly large catalyst for CAD bears to capitulate and send USD/CAD lower.
MS
Triple zig ag for wave B after the impulse down overnight? Looks like a B wave triple zigzag near completion. A push down into a c wave would setup the buy into a nice order block around 14040-14060
Pullback hunt on USDCADAs it looks now, USDCAD should have a decent pullback towards 1,40400. My plan is to wait for 15M structure break, then monitor the retest on the lower TF(15M, 5M, 1M) and if this retest will hold(CHOC, BOS on lower TF) I will enter to the trade. Do not set SELL STOP orders at the entry line and don´t sell higher(because of better price). Wait till entry conditions are met. I will update this trade, so you will get the message. TP your trade partially. When price moves in your favour, set SL to BE, but give it some space to "breath". Wish you good luck.
P.S. I´m not a signal service, do not sell anything. If you want to buy something, please contact one of the signalist who will comment this idea. If you want to learn and discuss, you know what to do. Invest your time to learning instead of buying signal on a some kind of premium channel.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.40200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.40200 support and resistance area.
Trade safe, Joe.
#USDCAD USD/CAD Possible move in Intraday. Targets and stop loss on chart. Follow money management and use trail stop loss.
OANDA:USDCAD
USDCADWe looking for selling opportunities as the market is respecting the supply zone resulting in sells to the downside|1H TIMEFRAME
USDCAD Analysis - Bullish - Trade 041. Seasonality
The CAD is bullish during the first week of December, while the USD exhibits bearish momentum. This combination suggests a bearish outlook for USDCAD based on seasonality.
2. COT Report
The COT report for the CAD suggests a sell. On the other hand, the COT report for the USD suggests a buy, indicating increasing strength for the USD. This could provide upward pressure on USDCAD.
3. Fundamental Analysis
LEI
The USDCAD LEI is increasing, which signals potential strength for the USD and could favor upward movement in USDCAD.
Endogenous Factors
The endogenous factors for the USD are increasing, suggesting bullish momentum for the USD, while the CAD's endogenous factors show weakness, further supporting a potential rise in USDCAD.
Exogenous Factors
Exogenous indicators for USDCAD show a decreasing trend, suggesting some resistance to further bullish momentum, which could limit the upside potential of USDCAD.
4. Technical Analysis
USDCAD is forming an ABCD pattern, with the C point retracement at the 0.79 Fibonacci level.
Bias
The combined analysis suggests a bullish bias for USDCAD
Trade Plan
Entry: 1.40481
SL: 1.39756
TP: 1.41206
usdcad---buythe own news is not important....so the pepole`s reaction to the news is very important.
context is important also with candle stick pattern.
who has the profit now with usdcad? Buyers. so go with them
USD/CAD - Very overbought on good USD news, slight correctionHi guys, short term correction expected on the USD CAD , hence it broke out of the ascending channel which we used before hand , and currently on the RSI it is slightly overbought on 1H and 4H time frame.
Entry - 1.43834
Target : 1.43034
80 pips to be caught +-
