📉 USDCAD Bearish Continuation Setup
🗓 Published: June 26, 2025
🕒 Timeframes: 4H & 1D
📍 Instrument: USD/CAD
📊 Technical Bias: Bearish
🧠 Analysis Summary
USDCAD has recently rejected from the 1.3713–1.3700 resistance zone (highlighted in red/pink box) after a corrective bullish move. This area served as a strong supply zone where price was previously rejected.
The price is now forming a clear lower high, and the recent failure to break above 1.3713 confirms short-term bearish control. The structure on both the 4H and Daily charts supports a continuation move lower, aligning with a potential bearish swing leg developing.
📍 Key Levels
Level Description
1.3713 Major resistance (top of supply zone)
1.3700 Round number & resistance confirmation
1.3687 Minor S/R flip
1.3666 Short-term support
1.3657 Next target support
1.3617 Key swing low
1.3562 Final target (major support zone)
🔁 Trade Setup
Entry Zone:
🔴 Enter on a 15M/1H retracement to 1.3700–1.3713 (ideal R:R)
🔄 or market sell confirmation below 1.3686
Take Profit Targets:
✅ TP1: 1.3657
✅ TP2: 1.3617
✅ TP3: 1.3562
Stop Loss:
❌ SL above 1.3730
📦 Confluence Factors
Daily & 4H trend turning bearish
Bearish engulfing rejection at previous supply
Lower high structure building up
No major demand zone until 1.356x
⚠️ Risk Note
Wait for confirmation before entering, especially on lower timeframes (1H/15M), such as bearish engulfing candles or break–retest of 1.3686 level. Avoid trading if price breaks above 1.3730 – structure would be invalidated.
💬 Let me know in the comments how you’re trading USDCAD today, and don’t forget to set alerts at key zones!
📉 Good luck and manage risk wisely.
Rendon1
🗓 Published: June 26, 2025
🕒 Timeframes: 4H & 1D
📍 Instrument: USD/CAD
📊 Technical Bias: Bearish
🧠 Analysis Summary
USDCAD has recently rejected from the 1.3713–1.3700 resistance zone (highlighted in red/pink box) after a corrective bullish move. This area served as a strong supply zone where price was previously rejected.
The price is now forming a clear lower high, and the recent failure to break above 1.3713 confirms short-term bearish control. The structure on both the 4H and Daily charts supports a continuation move lower, aligning with a potential bearish swing leg developing.
📍 Key Levels
Level Description
1.3713 Major resistance (top of supply zone)
1.3700 Round number & resistance confirmation
1.3687 Minor S/R flip
1.3666 Short-term support
1.3657 Next target support
1.3617 Key swing low
1.3562 Final target (major support zone)
🔁 Trade Setup
Entry Zone:
🔴 Enter on a 15M/1H retracement to 1.3700–1.3713 (ideal R:R)
🔄 or market sell confirmation below 1.3686
Take Profit Targets:
✅ TP1: 1.3657
✅ TP2: 1.3617
✅ TP3: 1.3562
Stop Loss:
❌ SL above 1.3730
📦 Confluence Factors
Daily & 4H trend turning bearish
Bearish engulfing rejection at previous supply
Lower high structure building up
No major demand zone until 1.356x
⚠️ Risk Note
Wait for confirmation before entering, especially on lower timeframes (1H/15M), such as bearish engulfing candles or break–retest of 1.3686 level. Avoid trading if price breaks above 1.3730 – structure would be invalidated.
💬 Let me know in the comments how you’re trading USDCAD today, and don’t forget to set alerts at key zones!
📉 Good luck and manage risk wisely.
Rendon1
Trade active
First and secon target reached. If you have traded this idea, TP your trade partially, as always. Do not let your floating profit to disappear. 
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.