We’re closely watching the USD/CAD pair on the 1-hour timeframe, and the chart is flashing multiple high-probability reversal signals.
🔹 The trend has been bullish, but momentum is weakening.
🔹 A clear bearish divergence has formed on the oscillator.
🔹 A rising wedge — one of the most reliable reversal patterns — is fully developed and ready to break.
🔹 All signs point toward an imminent bearish shift, and we're preparing to catch the move early with a Sell Stop below the key Higher Low (HL).
📌 Trade Setup at a Glance:
Pair: USD/CAD
Timeframe: 1H
Trend: Bullish (for now)
Divergence: Bearish
Pattern: Rising Wedge
Bias: Bearish
Strategy: Sell Stop at HL Breakout
🟡 Entry: 1.38379 (Sell Stop)
🔴 Stop Loss: 1.38847
🟢 Take Profit 1: 1.37911 (R:R 1:1)
🟢 Take Profit 2: 1.37443 (R:R 1:2)
📊 Position Sizing & Risk Management
🔹 Lot Size: 0.25
🔹 Risk Per Trade: $200
🔹 Total Reward Target: Up to $300
🔹 Executing two trades – one targeting TP1, the second targeting TP2.
📈 Why This Setup Matters:
✅ Bearish divergence shows clear loss of bullish strength
✅ Rising wedge pattern aligns perfectly with reversal expectations
✅ Well-structured entry with favorable risk-to-reward
✅ Using a split-target strategy to lock in profits smartly
📣 Let’s Discuss!
💬 Drop your thoughts and analysis in the comments — how are you trading USD/CAD?
🔔 Follow me for more high-probability trade setups, chart breakdowns, and real-time analysis. Let’s trade smart and grow together! 🚀
#USDCAD #ForexSetup #RisingWedge #BearishDivergence #PriceActionTrading #SmartMoney #TrendReversal #FXSignals #SellSetup #TradingStrategy #ChartPatterns #BreakoutStrategy #TradeSmart #1HourChart #RiskReward #ForexTrade #TechnicalSetup #TradeIdeas #TradingCommunity #ForexEducation #TradersOfTradingView #SmartEntry #SwingTrading #TradingMindset #TradingViewSetup #ForexAnalysis
🔹 The trend has been bullish, but momentum is weakening.
🔹 A clear bearish divergence has formed on the oscillator.
🔹 A rising wedge — one of the most reliable reversal patterns — is fully developed and ready to break.
🔹 All signs point toward an imminent bearish shift, and we're preparing to catch the move early with a Sell Stop below the key Higher Low (HL).
📌 Trade Setup at a Glance:
Pair: USD/CAD
Timeframe: 1H
Trend: Bullish (for now)
Divergence: Bearish
Pattern: Rising Wedge
Bias: Bearish
Strategy: Sell Stop at HL Breakout
🟡 Entry: 1.38379 (Sell Stop)
🔴 Stop Loss: 1.38847
🟢 Take Profit 1: 1.37911 (R:R 1:1)
🟢 Take Profit 2: 1.37443 (R:R 1:2)
📊 Position Sizing & Risk Management
🔹 Lot Size: 0.25
🔹 Risk Per Trade: $200
🔹 Total Reward Target: Up to $300
🔹 Executing two trades – one targeting TP1, the second targeting TP2.
📈 Why This Setup Matters:
✅ Bearish divergence shows clear loss of bullish strength
✅ Rising wedge pattern aligns perfectly with reversal expectations
✅ Well-structured entry with favorable risk-to-reward
✅ Using a split-target strategy to lock in profits smartly
📣 Let’s Discuss!
💬 Drop your thoughts and analysis in the comments — how are you trading USD/CAD?
🔔 Follow me for more high-probability trade setups, chart breakdowns, and real-time analysis. Let’s trade smart and grow together! 🚀
#USDCAD #ForexSetup #RisingWedge #BearishDivergence #PriceActionTrading #SmartMoney #TrendReversal #FXSignals #SellSetup #TradingStrategy #ChartPatterns #BreakoutStrategy #TradeSmart #1HourChart #RiskReward #ForexTrade #TechnicalSetup #TradeIdeas #TradingCommunity #ForexEducation #TradersOfTradingView #SmartEntry #SwingTrading #TradingMindset #TradingViewSetup #ForexAnalysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.