USDCAD: Past, Present and Future
Hi, traders
Here is my idea sharing with you.
Currency Pair: USDCAD
TimeFrame:1D
Scale: Large
Past: From the past data on 1 Month time frame market is moving within a range and on 1Day time frame market is moving between Resistance 1 and Resistance 2 (previously Support)
And form a poles (pattern) or Impulse (wave)
Present: This days market is moving upward channel towards resistance 2 forming flag(pattern) or correction (wave)
Future: After market reach to Resistance 2 Bearish Flag (pattern) then another Impulse (wave) which it will reach to monthly support zone.
Stay Safe, Happy Trading
Thank you
Here is my idea sharing with you.
Currency Pair: USDCAD
TimeFrame:1D
Scale: Large
Past: From the past data on 1 Month time frame market is moving within a range and on 1Day time frame market is moving between Resistance 1 and Resistance 2 (previously Support)
And form a poles (pattern) or Impulse (wave)
Present: This days market is moving upward channel towards resistance 2 forming flag(pattern) or correction (wave)
Future: After market reach to Resistance 2 Bearish Flag (pattern) then another Impulse (wave) which it will reach to monthly support zone.
Stay Safe, Happy Trading
Thank you
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