By analyzing the Daily chart of USDCAD we can see that after reaching the high of 1.3967, which is the Consequent Encroachment of the Daily IFVG! And then plummeted in price and is currently being traded at 1.3760, dropping over 200 pips!
Now, the first support level for USDCAD is at 1.3753, if it is lost, next targets for it will be 1.3725, 1.3715 and 1.3678. Considering there are several NWOGs below the current price, price could be drawn to them.
Now, the first support level for USDCAD is at 1.3753, if it is lost, next targets for it will be 1.3725, 1.3715 and 1.3678. Considering there are several NWOGs below the current price, price could be drawn to them.
Trade closed: target reached
Price did indeed get drawn to the NWOGs and reached all 3 targets beautifully.
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Free channel: t.me/AmirAliTrading_Official
Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
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.