Get started
chaarate

USDCAD Analysis for the week of Oct. 16

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
chaarate Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Beyond Technical Analysis USDCAD smartmoney ict MFF fundedtrader shorts analysis orderblocks fvg
6
2
beyondta usdcad smartmoney ict mff fundedtrader shorts analysis orderblocks fvg
In this presentation I highlight my analysis for USDCAD. Currently price is reacting pretty strongly off a long term Weekly Bearish Order Block. Which in my opinion could be the perfect storm for a price reversal. Price has already reacted from a longterm Weekly -FVG, and has since traded back through it seeking higher liquidity. Please check the video out for more detail of how I plan to handle this current market condition. Bless.
Comment:
Unfortunately this setup did not go as planned, I failed to note that price was already at optimal trade entry at the time I recorded this. Price had already made an adequate retracement to the .705FIB. It had no real reason to retrace higher. Lesson learned.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.