Weekly has a clear target,, so there seems buyers are out of power, Daily has made its 1st break and market is going for the 2nd break. H4 will make a bounce b4 it heads down.
For weekly to go straight to the bottom we will see the build UP in daily TF. DAILY has to close with an engulfing candle to have a valid trade. We observe H4 break and close to ENTER. Probably a trade for tomorrow
Monthly chart has a target, weekly didn't move with 1st break, so monthly had to position itself for a break,,this month will most likely close bearish, so weekly will close bearish, Daily TF left has a TP target, so h4 will most likely move with its 1st break, and that's what we are observing,,, This are only predictions, so don't try to force the market, wait...
USDCAD is testing the support @ 1.39200 Daily TF, will be going for the fourth test of the line. where I anticipate a finall break of the line. H4 TF is @ the TOP and experiencing strong divergence, good indication of buyers weakness,,, SELLS is on the watch,, "JUST A MATTER OF TIME"
1.1352 is Daily TF Mager Support, Price in battle as we can see both bull doji and baer doji. When we scale in to H4 we can see fake out with srong bull candle (chart). If price turn North it would be a law risk/High reward Trade...
Price is at a critical point, H4 zone has been broken to the top bat still we dont know the strength of the pullback into the zone, the brake could be a faker bcoz price is falling in the M TF, also in the weekly TF price has broken the upward trend to the downside. the D1 zone seems to be holding the price bat the zone has already has a break to the bottom and...
4h Resistance has been broken, price will retrace back to the zone b4 heading North. Watch on sellers power b4 entering buys, wait for them to throw in towel. SL 1 1.14250 SL 2 after sellers retracement is over, TP 1.16950