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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

🇨🇦 USDCAD – July 8 | Trendline Test and Liquidity WatchYesterday USDCAD closed strong bullish (+100 pips) into the March 2024 trendline, which it’s respected multiple times this year. But there’s a key detail: ➡️ Today’s high is a pip away from yesterday’s — and there’s no upper wick. That makes this a liquidity risk zone. 📌 What I’m watching: 🔻 Break of 1.36383 = potential shift to bearish intraday structure → First target: 1.35827 (yesterday’s low) → Then: 1.35432 for swing sell continuation 🔺 Small liquidity grab above today's high possible before drop 🧭 Bias: Bearish on daily + higher timeframes 🎯 Waiting for confirmation, not assumption
Short
by Thetraderscollective
USDCAD LONG DAILY FORECAST Q3 D8 W28 Y25USDCAD LONG DAILY FORECAST Q3 D8 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
USDCAD...potential further upside expectedHey Hey TradingView fam! Hope you guys are doing absolutely amazing today...hope your trading weeks are off to an amazing start and hopefully this post can be helpful for the remainder of this week for you! Let's dive in! OK so for USDCAD this is a post to piggyback off of the previous swing position post I did for USDCAD longs a couple weeks ago...those positions played out well and now wanted to revisit this currency pair because it is giving another potential opportunity to mover to the upside and so wanted to break down what I see here. Let's make it simple 1. Weekly demand zone 2. Strong momentum from buyers on Daily timeframe 3. Higher low formed WITH STRENGTH (big clue of interest) 4. Fib extension lining up with daily supply zone 5. Higher low forming would then now expect a new higher high to form OK hope that made sense! I want to make these posts as simple as possible so hopefully this added some value for you guys! Please boost and follow my page for more highly accurate setups! Cheers!
Long
by JosePips
USDCAD LONG DAILY FORECAST Q3 W28 Y25USDCAD LONG DAILY FORECAST Q3 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
USDCADTrend Reversal Structure + Lower High + Supply Zone Rejection Key Confirmations: 1.Market Shift from Bullish to Bearish (Structure Break) Price formed a Lower High (LH) after a Higher High (HH). A clear Break of Structure (BOS) to the downside occurred (marked on the chart), indicating a shift in trend from bullish to bearish. 2.Trendline Respect + Rejection A clean downward trendline is drawn connecting HH → LH → lower LH. Price rejected perfectly from the trendline, confirming resistance and bearish momentum. 3.Supply Zone Rejection Price action touches a previously tested supply zone (highlighted in red). That zone acted as resistance, and price failed to break above. 4.Bearish Continuation Setup After forming a Lower Low (LL), price pulls back to create another Lower High (LH) – classic bearish continuation pattern.
Short
by AzdrenBytyqi
1
USD/CAD in a Strong Downtrend – Lower Channels Keep FormingUSD/CAD is currently in a strong bearish trend, forming a series of descending channels. The price initially moved lower within a downward-sloping channel, then broke out to the upside, suggesting a reversal or deeper correction. However, this breakout was short-lived. Instead of continuing higher, USD/CAD lost momentum and began forming a new descending channel, resuming its bearish movement. This pattern has repeated, each time the price breaks out upward, it quickly shifts back into a new downward channel, making lower lows each time. This behavior indicates a bearish continuation structure, where temporary upward moves are corrective in nature and serve as setups for the next leg down. The consistent formation of new lower channels after brief pullbacks reflects ongoing selling pressure and trader sentiment favoring the downside.
Short
by FXTradingAnalysis