USDCAD short - Currency Pairs Behavior, Banks

Hello Traders !

I already posted my long term view on USDCAD. It is short because we touched the weekly Resistance level and we are pushing down from there. Now I expect a correction. But first we need to know something about the behavior of USDCAD.

Currency Pairs Behavior:
All currency pairs have their own specific behavior. Some are very violent and make strong moves like XAUUSD and GBPJPY. Others are very spiky and do not now in which direction they want to go like CHFJPY. What about USDCAD now? This pairs loves to consilidate a lot. Therefore USDCAD is pretty nice to Swing Trade. But also on Supply Demand areas we can see USDCAD doing sharp moves. This moves are made by the banks and these are the moves I am looking for. Therefore on USDCAD because the consilidation behavior I like to enter at the daily levels.

Chart Analysis:
I am expecting now the price to go up again to make a correction move. There we have a nice Supply Zone where I am looking for a short Signal to enter. From this point we can then scalp for a few amount of pips or swing Trade USDCAD to the Demand Zone.

That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.

Thank you and we will see next time
- Darius.