I have planned a short entry on USD/CAD around a key level that aligns with a high-value VWAP from the second week's low of this month. This VWAP has consistently acted as a strong reference point, showing Rhythm being tested and reinforcing its significance. Given its role in attracting liquidity and providing structural resistance, I see this as a high-probability area for a sell opportunity.
Since there are currently no significant fundamental factors affecting the U.S. dollar or the Canadian dollar, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
Since there are currently no significant fundamental factors affecting the U.S. dollar or the Canadian dollar, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.