Hello Traders,
USDCAD has been bullish overtime and one thing you will notice is that the market had cleared the daily equal highs (daily timeframe) which led to the recent bearish leg.
Price has approached a very sensitive area and I suspect that the early buyers will be taken out.
Why do I think so? trendline liquidity has been formed and needs to be taken out for the strong bullish move to occur.
I have marked the zone where I speculate this move will start from.
Let me know in the comments what you think about this idea.
Cheers Fam!
USDCAD has been bullish overtime and one thing you will notice is that the market had cleared the daily equal highs (daily timeframe) which led to the recent bearish leg.
Price has approached a very sensitive area and I suspect that the early buyers will be taken out.
Why do I think so? trendline liquidity has been formed and needs to be taken out for the strong bullish move to occur.
I have marked the zone where I speculate this move will start from.
Let me know in the comments what you think about this idea.
Cheers Fam!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.