OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD

Trading Idea

Bigger TF - I saw price already react in the Support Zone (Weekly) with the price action of reversal Pattern occur.

Other than that, on weekly / daily also shown as Fakeout, which means in my opinion the daily coming QM Level is not strong enough to hold the bullish wave.

In Planning, is role reversal setup simple/ basic Support Become resistance with a FRESH Supply Zone. (significant level) for me is very strong level to reject the price.

For Multi time frame, we can find long position after the reaction at daily QM at fakeout.

Trade at your own risk.

Good luck for next week.

Yato.




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.