USDCAD SELL IDEA, VIDEO ANALYSIS
USDCAD SELL IDEA, VIDEO ANALYSIS
USDCAD has been experiencing a significant amount of bearish pressure for quite some time now, with that information being given we should only expect sell opportunities until a shift in market momentum.
From a monthly, weekly, daily and 4H time frames we have confirmed the bearish structures and now analyzing the market within intraday timeframes such as 1H,30M,15M.
I have marked the most recent/significant support/resistance in blue. I am expecting the market to continue our downtrend.
We have several confluence areas such as-
Support/resistance
0.618 Fib zone
Trendline
USDCAD has been experiencing a significant amount of bearish pressure for quite some time now, with that information being given we should only expect sell opportunities until a shift in market momentum.
From a monthly, weekly, daily and 4H time frames we have confirmed the bearish structures and now analyzing the market within intraday timeframes such as 1H,30M,15M.
I have marked the most recent/significant support/resistance in blue. I am expecting the market to continue our downtrend.
We have several confluence areas such as-
Support/resistance
0.618 Fib zone
Trendline