USDCAD - H4
Hello People, Fx Dispenser HERE.
As we can see H4 structure is bullish, however momentum is bearish. If price breaks above "1.35171" we can expect a short term bullish reversal to around "1.35287", or "1.35490".
If price must continue to the down side, It must not break and close above 1.35490, if this happens, and price reaches previous highs, be wary of a liquidity sweep to the down side.
A break and close above previous highs would indicate bullish continuation.
My Bias is 'Short term bull reversal with a bearish continuation".
As we can see H4 structure is bullish, however momentum is bearish. If price breaks above "1.35171" we can expect a short term bullish reversal to around "1.35287", or "1.35490".
If price must continue to the down side, It must not break and close above 1.35490, if this happens, and price reaches previous highs, be wary of a liquidity sweep to the down side.
A break and close above previous highs would indicate bullish continuation.
My Bias is 'Short term bull reversal with a bearish continuation".
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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.