USDCAD Thesis
- Weekly: Last weeks candle closed as a shooting star after rejection off 1.3250 weekly zone signalling bearish pressure entering the market.
- Daily: After rejection off 1.3310 zone price formed a bearish engulfing closing below 1.3267 4hr zone. Friday candle closed as a shooting star signalling bearish move still expected. Next target 1.31830.
- 4hr: Now waiting for price to pullback into 1.3267/62% OTE level also area of distribution (selling high) then expect a sell off to 1.3183.
Trade active
Trade closed manually
Trade closed: target reached
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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.