My analysis on
USDCAD
is simple, the price has been coming down significantly for a period of time. But looking back the past week price came down tremendously with very little price action which i believe it's going to fill (1). Price has gone down and it's on the way to make a HL or a Breakout (2). Price left an un swept liquidity at the top and also an FVG (Gap) which it has to fill before continuing it's trend (3).
In summary
USDCAD
price may go up this week while we await a CONFIRMATION in our areas to take the sell. i won't take risk of buying because it's bad to buy on a downtrend
Remember we don't and can't predict the chart, we only try to read it's movement and know where it's headed, have a blessed week
USDCAD
is simple, the price has been coming down significantly for a period of time. But looking back the past week price came down tremendously with very little price action which i believe it's going to fill (1). Price has gone down and it's on the way to make a HL or a Breakout (2). Price left an un swept liquidity at the top and also an FVG (Gap) which it has to fill before continuing it's trend (3). In summary
USDCAD
price may go up this week while we await a CONFIRMATION in our areas to take the sell. i won't take risk of buying because it's bad to buy on a downtrend Remember we don't and can't predict the chart, we only try to read it's movement and know where it's headed, have a blessed week