Yesterday USDCAD closed strong bullish (+100 pips) into the March 2024 trendline, which it’s respected multiple times this year.
But there’s a key detail:
➡️ Today’s high is a pip away from yesterday’s — and there’s no upper wick.
That makes this a liquidity risk zone.
📌 What I’m watching:
🔻 Break of 1.36383 = potential shift to bearish intraday structure
→ First target: 1.35827 (yesterday’s low)
→ Then: 1.35432 for swing sell continuation
🔺 Small liquidity grab above today's high possible before drop
🧭 Bias: Bearish on daily + higher timeframes
🎯 Waiting for confirmation, not assumption
But there’s a key detail:
➡️ Today’s high is a pip away from yesterday’s — and there’s no upper wick.
That makes this a liquidity risk zone.
📌 What I’m watching:
🔻 Break of 1.36383 = potential shift to bearish intraday structure
→ First target: 1.35827 (yesterday’s low)
→ Then: 1.35432 for swing sell continuation
🔺 Small liquidity grab above today's high possible before drop
🧭 Bias: Bearish on daily + higher timeframes
🎯 Waiting for confirmation, not assumption
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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.
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.