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Ucadshort

USDCAD Analysis (8th April 2024) Market Analysis PT2/2 (8th April 2024) USDCAD Analysis On the daily timeframe, Price action has rejected of a resistance of the Daily William Certified Range(WCR). This can be seen clearer on the 1 hour timeframe. On the 1 hour Timeframe, we have created a Sharp rejection off the Daily support, which created a bearish 1 hour Fair Value Gap in the process. Should price continue to Respect this WCR, i would look for price to reject off this 1 hour Fair Value Gap before creating a 5/15 minute Change of Character before looking for shorts.
by CallistoFX
Usd / Cad Is it time to resale?Usd / Cad Is it time to resale? When you look at the pattern like the one I described, it will seem that the price will continue to fall into the buy area, but is this true? if you see the previous history, I made a buy transaction in this history s3.tradingview.com and at this time the price seems not to continue the opportunity to go up again, I see there is still a chance to go down. I will take this opportunity when the price breaks the validation to sell line with a target that can be quite deep. when are these opportunities? let's wait for the next few days, hopefully this trading plan can be executed.
by Hokusai_FX