USD/CAD Market Analysis for the week of 7/17/2022 - 7/22/2022Market Analysis based on 4H Timeframe.
Coming into this week I plan on looking for Buy trades, as I believe the market will shoot to the upside at or near one of the reversal points I have placed on the chart. ( Gold Lines) If the pair does happen to fall into the neutral area, (White Triangle), then I will be waiting for either a break back upward into the Reversal Area, ( Gold Triangle), or a break and retest of the Fall Out Area (Red Rectangle ).
If BUY is true - I'm expecting the area of the previous high to play as a TP Zone (Represented by the Upper Green Rectangle )
If SELL is true - I'm expecting price to fall about 100 pips toward our TP Zone (Represented by the Lower Green Rectangle )
All mark ups have been found using certain, back tested, tools and indicators that are a part of my overall strategy.
THESE ARE MY IDEAS ONLY AND IN NO WAY A TRADE SUGGESTION!!
Just something to keep in mind.
HAPPY TRADING
