USDCAD appears to be in a H4 TF accumulation schematic. The last two days have provided the opportunity for short term buys with a moderate risk to reward. I will be looking for confirmation on the type of schematic that USDCAD will continue to print. For the upcoming weeks, I would be looking for a pull back into a discount range for another round of short term buys to target the daily candle around 1.3000. From there I will be looking to enter sells to target a new lower low off the Daily TF.
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.