Get started
Keeleytwj

Long USDCAD

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Keeleytwj  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Technical Indicators
3
2
chartpattern indicator
USDCAD

Entering using 4hr chart. General trend is bearish. However, there is a good demand zone at the weekly chart with weekly and daily demand zone nested within the weekly demand zone. These zones are nested within the monthly demand zone. We expect a reaction at this area. Prices have been overextended in the weekly chart with 3 strong bearish candles. We expect a retracement soon.

This is an aggressive trade as we are trading against the overall trend.
Prop Firm Funded Trader
Find out more about me here: linktr.ee/kt_fx
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.