USDCAD SELL IDEA, VIDEO ANALYSIS
USDCAD has been experiencing a significant amount of bearish pressure for quite some time now, with that information being given we should only expect sell opportunities until a shift in market momentum.
From a monthly, weekly, daily and 4H time frames we have confirmed the bearish structures and now analyzing the market within intraday timeframes such as 1H,30M,15M.
I have marked the most recent/significant support/resistance in blue. I am expecting the market to continue our downtrend.
We have several confluence areas such as-
Support/resistance
0.618 Fib zone
Trendline
USDCAD has been experiencing a significant amount of bearish pressure for quite some time now, with that information being given we should only expect sell opportunities until a shift in market momentum.
From a monthly, weekly, daily and 4H time frames we have confirmed the bearish structures and now analyzing the market within intraday timeframes such as 1H,30M,15M.
I have marked the most recent/significant support/resistance in blue. I am expecting the market to continue our downtrend.
We have several confluence areas such as-
Support/resistance
0.618 Fib zone
Trendline
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.