USDCAD, MULTIPLE TME FRAME ANALYSIS!
Monthly:
Price is at a strong zone of demand so we could see a push to the upside.
Weekly:
Price is rejecting the lows and it is failing to make a new low and it is rejecting
the 78.6% of the weekly fib.
Daily:
Price was failing to make LLs and actually it did a new high and we are retesting
the broken structure that is aligning with the zone of the 61.8 and the 78.6 of the
daily fib.
4H:
We will be monitoring the price from a 4h perspective to look for a vaild entry to
go long.
Price is at a strong zone of demand so we could see a push to the upside.
Weekly:
Price is rejecting the lows and it is failing to make a new low and it is rejecting
the 78.6% of the weekly fib.
Daily:
Price was failing to make LLs and actually it did a new high and we are retesting
the broken structure that is aligning with the zone of the 61.8 and the 78.6 of the
daily fib.
4H:
We will be monitoring the price from a 4h perspective to look for a vaild entry to
go long.
Trade active:
Monthly:
Weekly:
Daily:
4H:
Trade closed: target reached