5hr link:
30m link:
👁 OUTLOOK
FOREX: USDCAD
5hr:Looking at the 5hr we are currently in re-accumulation. Meaning that our previous market structure to the left was bullish but price is currently breaking bearish and trending downward below the emas. It is currently not ready to go long. Until price starts breaking bullish and trends above the 10 and 50ema then I would start looking for longs.
30m: Price is breaking bearish and you could have looked for shorts last week. I would personally wait till price gives you its direction towards the middle of the week to start looking for a trade since its currently not clear.
Bias: Sidelined until price is more clear and trends above the emas on the 5hr to then look for longs.
FOREX: USDCAD
5hr:Looking at the 5hr we are currently in re-accumulation. Meaning that our previous market structure to the left was bullish but price is currently breaking bearish and trending downward below the emas. It is currently not ready to go long. Until price starts breaking bullish and trends above the 10 and 50ema then I would start looking for longs.
30m: Price is breaking bearish and you could have looked for shorts last week. I would personally wait till price gives you its direction towards the middle of the week to start looking for a trade since its currently not clear.
Bias: Sidelined until price is more clear and trends above the emas on the 5hr to then look for longs.