Short USDCAD Bear Flag PatternUSDCAD continues the bearish trend with the breakout of the bear flag pattern. For a couple of days, the price is still below the moving averages, which could indicate the sellers are in control.
USDCAD trade ideas
UsdCad Trade UpdateWe have some news with USD in a couple of minutes. As of right now the only solid set up I see playing out perfectly is UC. I published a post on the pair yersterday just stating how I wanted to see price break in either direction. I was only looking to short once and IF price broke the last HL to confirm our push to the downside. As of now I'll wait for news to hit before looking for the retest. If all goes well I'll get into UC shorts with a solid 1:3rr
USD/CAD Trading Analysis With Volume ProfileOn USD/CAD , it's nice to see a strong sell-off from the price of 1.36330. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area and with strong rejection of higher prices are my main reasons for this short trade.
Happy trading,
Dale
USDCAD Elliott Wavehello friends
We see the formation of a clear triangle pattern in the USDCAD currency pair.
Before this wave, which can be 1 or A, we see the formation of waves that overlap each other. We call these waves 2 or B, which form a clear triangle.
This is a corrective wave. After breaking the bottom of the triangle and pullback, we expect the price to decrease and continue to decline.
The first target is 1.3462, which is equal to 100% of Fionnachi wave 1 or A, and the second target is 1.3390, which is equal to 161.8% of wave 1 or A. Keep in mind the stop loss range of 1.3590 which is considered conservative.
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Correction It is expected that after some fluctuation and correction to support levels, a trend change will be formed and we will witness the beginning of an upward trend. After crossing the level of 78.6%, the continuation of the correction process will be possible
USDCAD: Inside day, first green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range ✅
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day ✅
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside
Backside
4. THESIS:
Long: primary, considering the dump of few days ago and the consolidation around the LOW, this market leads me thinking about a potential long setup, as well the first green day can be a good clue about that. However, right now is still inside the previous high low, means that other time frames are not involved yet, as well 9:45am PMI is on schedule!
Short: secondary, the inside day, however, typically can setup for both the scenario, so I can't exclude the HOD failing (in case it will be triggered), for a short scalp back into the LOW.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
USDCAD - To the downsideeee Analysis on screen. This move is taking a lot longer than I expected but it's still showing a lot of confluence for a move to the downside. I need to see more minor bearish structure being respected before taking a sell
Trade idea - USDCAD Short4H
Corrective approach towards entry zone.
= Instant market execution Sell.
1.5% risk.
Aiming to take full profit at Daily TP.
USDCAD 1-Hour Timeframe
In the 1-hour chart, USDCAD is approaching a significant price zone. The market is currently consolidating, with prices bouncing between two key levels:
Buying Area: Around 1.36000 – This zone could serve as a strong resistance, which buyers need to break for a bullish continuation.
Selling Area: Around 1.35400 – A critical support level that sellers may aim to test if the price rejects from the buying area.
The upward trendline within this range shows that buyers still have strength, but a breakout from either direction will determine the next move.
usdcad sellUSDCAD selling from key resistance
going towards bottom bb H4 timeframe
underneath IM cloud on all time 4H and below pushing towards Tp bottom bb
looking for entry break of trendline and heavy selling pressure around 6am -8:00 Am east us
London and new York session.
150 pips if Im correct forgot lol
USDCAD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3583, which is an overlap resistance and a 50% Fibonacci retracement.
Our take profit will be at 1.3517, a pullback support level close to 61.8% Fibonacci Retracement.
The stop loss will be at 1.3648, a swing high resistance level.
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USDCAD 15M Bearish Day Tradestarting to build into a usdcad position as well. this one is based on HTF market levels and could be something we keep coming back to and adding into. 500+ pips on the daily chart to 2024 lows
USD CADTHIS IS MY SETUP FOR USD CAD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
USDCAD VIew!!The Canadian dollar steadied against its U.S. counterpart on Friday as domestic data showed retail sales rising more than expected in July and despite the greenback notching gains against some other major currencies.
The loonie
USDCAD
was trading nearly unchanged at 1.3560 to the U.S. dollar, or 73.75 U.S. cents, after moving in a range of 1.3543 to 1.3589. For the week, the currency was up 0.2%.
Canadian retail sales grew by 0.9% in July from June, eclipsing forecasts for a gain of 0.6%, while a preliminary estimate showed sales up 0.5% in August.
UsdCad Trade IdeaUC is pretty self explanatory. Price has been ranging horribly between the last higher low and higher high. With price still being below 1.36000 we're still in the range between 1.36000 and 1.34400. If price breaks and retests the last HL I have marked then price would confirm the range continuation. Now if price breaks above 1.36000 we could expect the range to be over and longs could come into play for the new week.
