Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (1.45100) then make your move - Bullish profits await!"
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 1.48000 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, Sentimental Outlook:
🟣 Fundamental and Macroeconomic Analysis
US Dollar (USD):
The USD remains strong due to the Federal Reserve's hawkish stance. The Fed has signaled potential rate hikes or prolonged higher rates to combat inflation, which supports the USD.
Recent US economic data (e.g., strong labor market, resilient GDP growth) reinforces the Fed's tightening bias.
Upcoming US CPI and PPI data will be critical. Higher-than-expected inflation could further boost the USD.
Canadian Dollar (CAD):
The CAD is influenced by oil prices (Canada is a major oil exporter). Crude oil prices have been volatile due to geopolitical tensions and OPEC+ production cuts, but recent stabilization around
80−85/barrel provides some support.
The Bank of Canada (BoC) has paused rate hikes, citing slowing inflation and economic growth. This dovish stance weakens the CAD relative to the USD.
Canada’s upcoming employment and GDP data will be key. Weakness in these metrics could further weigh on the CAD.
Key Drivers:
Interest Rate Differential: The Fed’s hawkishness vs. the BoC’s dovishness favors USD strength.
Oil Prices: A sustained rise in oil prices could support the CAD, but current levels are not enough to offset USD strength.
Economic Data: Strong US data vs. weaker Canadian data could widen the USD/CAD upside.
🟢 Commitments of Traders (COT) Report
The latest COT data shows:
Commercial Traders (Hedgers): Increasing long positions in the CAD, suggesting they expect some CAD strength or USD weakness in the medium term.
Non-Commercial Traders (Speculators): Net long on USD, reflecting bullish sentiment toward the USD.
Retail Positioning: Retail traders are heavily short on USD/CAD, which often acts as a contrarian indicator, suggesting further upside potential for USD/CAD.
🔵 Market Sentiment and Positioning
Sentiment:
The market is broadly bullish on the USD due to the Fed’s stance and strong US economic data.
The CAD is viewed as vulnerable due to the BoC’s pause and reliance on oil prices, which are not currently providing enough support.
🟤 Positioning:
Institutional investors are net long USD/CAD, aligning with the fundamental outlook.
Retail traders are net short, which could lead to a squeeze higher if the USD continues to strengthen.
🔴 Market Sentiment and Positioning:
COT Data:
Non-commercial traders (speculators) are net long on USD, reflecting bullish sentiment.
Retail traders are net short on USD/CAD, which often acts as a contrarian indicator (bullish for USD/CAD).
Institutional Positioning:
Institutional investors are net long USD/CAD, aligning with the fundamental outlook.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤗