Here's a not so quick analysis on USDCAD; price is showing a strong downside reaction in a Daily point of view (the short bias is valid also for a swing, I'm going to scalp this time for personal preferences) reacting around the 50 EMA zone, previously acting as a clear support (I don't normally consider EMA's as valid s/r if they aren't clearly visible.
Overall trend is bearish, I'm too lazy to re-write everything so have a nice day and prepare yourself to short UC.
The entry zone (ZONE, not a fixed level) is purely based on a volume and liquidity analysis.
Overall trend is bearish, I'm too lazy to re-write everything so have a nice day and prepare yourself to short UC.
The entry zone (ZONE, not a fixed level) is purely based on a volume and liquidity analysis.