USD/CAD

USD/CAD recently illustrated a classic stop-hunt scenario followed by a bearish structure shift, as detailed by TradingShot. After a liquidity grab above 1.3770 triggered stops, a bearish engulfing candle and break below key support at 1.3715 confirmed a shift to lower highs/lows. Retracements into institutional order blocks around 1.3730–1.3745 offer potential short entries. This move aligns with the cautious macro backdrop—halting rate hikes from Fed and BoC and volatile oil prices—suggesting deeper bearish pressure ahead. Traders should combine price structure with market context for better timing and risk management. #ForexAnalysis #USDCAD

USD/CAD recently saw a classic stop hunt, pushing price above key resistance near 1.3790 to trigger stops. However, this move lacked follow-through and quickly reversed, breaking support and signaling a bearish shift. Watch supply zones around 1.3740-1.3760 for selling pressure, with key support near 1.3650 and 1.3590 levels. Sellers appear to have regained control after the speculative climax. Full analysis by LordOfCharts: https://www.tradingview.com/chart/USDCAD/D8Cs5bb9-USD-CAD-From-Stop-Hunt-to-Bearish-Shift/

USDCAD recently experienced a classic liquidity grab above recent highs near 1.3740, triggering stop orders before reversing. This stop hunt resulted in a break of structure, signaling a bearish market shift. Traders should watch key supply zones and fair value gaps for potential re-entry points as the pair adjusts to evolving economic and central bank dynamics. Analysis originally by @DojiAnt, expanded for deeper insight. #Forex #USDCAD #MarketStructure

USD/CAD has shifted from a liquidity grab triggered by a stop hunt above key levels to a clear bearish market structure break. Institutional order blocks and fair value gaps confirm selling pressure, signaling a potential downtrend as bullish momentum weakens. Watch resistance near 1.3670–1.3690 for confirmations and key support zones for possible targets. Informed entries hinge on understanding these technical and institutional dynamics.
#Forex #USDCAD #TradingAnalysis

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USD/CAD is completing a five-wave Elliott impulse from the Jan 2025 low, advancing toward 1.3760. Wave 5 may be an ending diagonal, signaling potential trend exhaustion. Watch for a corrective phase supported by fundamentals like inflation and oil prices. #Forex #ElliottWave