Hello Traders,
In the Monthly T.F USDCAD downtrend Structure still holds despite of various attempts to break it, meaning no clear candle has been able to break above the most recent down l trend structure.
In the weekly though, the Downtrend structure has been broken and confirmed, meaning we are in an uptrend in the weekly Time frame.
The daily T.F Confirms with the monthly as it is in a downtrend after a clear BOS a move up to grab liquidity and yesterday a move down for trend continuation began.
Thus we are expecting a Move towards the 1.2600 level in the coming days.
Best of Luck.
In the Monthly T.F USDCAD downtrend Structure still holds despite of various attempts to break it, meaning no clear candle has been able to break above the most recent down l trend structure.
In the weekly though, the Downtrend structure has been broken and confirmed, meaning we are in an uptrend in the weekly Time frame.
The daily T.F Confirms with the monthly as it is in a downtrend after a clear BOS a move up to grab liquidity and yesterday a move down for trend continuation began.
Thus we are expecting a Move towards the 1.2600 level in the coming days.
Best of Luck.