USD/CAD 4H Chart Analysis
Key Levels to Watch:
- Resistance Level (1.45210 - 1.45500) – This is a strong supply zone where sellers have previously taken control. If the price reaches this level, we may see a reversal or strong breakout.
- Support Level (1.42956 - 1.43000) – A key demand area where buyers have stepped in before. A break below this level could push the price lower.
- Demand Zone (Around 1.41656) – This is a significant support area, and if price falls to this level, a bullish reversal may occur.
Possible Scenarios:
1. If the price bounces from the support level, it could aim for the resistance zone.
2. If the price breaks below support, it may drop further toward the demand zone.
3. A breakout above the resistance level could trigger further upside momentum.
Conclusion:
Traders should monitor how the price reacts at support and resistance. A bullish move from support may offer buying opportunities, while a break below could signal further downside.
If you enjoy, press the like button.
Key Levels to Watch:
- Resistance Level (1.45210 - 1.45500) – This is a strong supply zone where sellers have previously taken control. If the price reaches this level, we may see a reversal or strong breakout.
- Support Level (1.42956 - 1.43000) – A key demand area where buyers have stepped in before. A break below this level could push the price lower.
- Demand Zone (Around 1.41656) – This is a significant support area, and if price falls to this level, a bullish reversal may occur.
Possible Scenarios:
1. If the price bounces from the support level, it could aim for the resistance zone.
2. If the price breaks below support, it may drop further toward the demand zone.
3. A breakout above the resistance level could trigger further upside momentum.
Conclusion:
Traders should monitor how the price reacts at support and resistance. A bullish move from support may offer buying opportunities, while a break below could signal further downside.
If you enjoy, press the like button.
Trade active
Note
price starts flying now , towards target. Note
Congratulations guys, trade running 100 pips+ profit.Note
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.
Related publications
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.