USDCAD: Curve Analysis (1H)
Price Action is nearing a Demand Zone on the 1H chart, so we may be able to capture rougly +200-pip opportunity to the upside.
Be prepared for the probability of Price Action consolidating or ranging around the minor Resistance Level @ 1.3709 and reversing to a DT once it reaches the major Resistance Level @ 1.3768.
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
Be prepared for the probability of Price Action consolidating or ranging around the minor Resistance Level @ 1.3709 and reversing to a DT once it reaches the major Resistance Level @ 1.3768.
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
Professor C. E. Ward
