GJ finally starting to recover a little from the war crisis with Russia and Ukraine. Refer to purple zones, Fib levels, EMA and fundamentals when making a trade. These are accurate trading zones as seen on chart. I assume a low 156.xx move is incoming and the 3rd touch of the trend line will occur, ,then upward movement as DXY has reached a 20 year long high...
FIB38 reversal is looking like a very big possibility after bouncing off my zone a few times, 2 things may happen due to the uncertainty of the war...1 - GN falls further to its long not seen low or it bounces back to the FIB38, whihc is 500 pips away...very slowly but possible.
A small analyisis of the week ahead, but also the weeks leading into march. Areas of interest as always shown on chart, please be instructed by the usual confluences; RSI, EMA and all the Fundamental you can find.
Ahead of this week we have a nice Tech line up with both long Fib38 and short Fib38, also area of interest showing huge potential also around that Fib38 barrier. EMA also indicating a possible bounce.
Possible sell already executed and analysed. Expecting FIB38 on reversal but please be cautious. Areas of interest are placed on the chart, please instruct either a buy or sell based on EMA and TL. Remeber, it's friday and Retail YOY has already been announced with a negative reading, EUR has to fall today and over the next week for sure. TECH AND FUND line up.
On the chart you can see my purple zones of interest, if the zone is hit please instruct yourself using EMA as either support or resistance and then use the TL to understand the uptrend or downtrend.
Using Intraday and Intraweek I've noted areas of possible interest within USDCAD. Not advice just testing out my strategy. Ahead of major CAD CPI news too :)
