📈 USD/CAD – Coiling for the Next Expansion
🕰 Weekly View
Price remains in a long-term bullish trend, holding above strong support.
Weekly structure shows resistance overhead at 1.50–1.52, but liquidity is building toward that level.
Current zone is mid-range, rejecting weekly supply.
📊 Daily Structure
Recent CHOCH + BOS confirm buyers stepping back in after tapping weekly demand.
Price consolidating near 1.38, building energy.
Daily IMB target sits at 1.41, aligning with upside liquidity.
Below, two strong buy zones line up with fib 0.618–0.71 retracement:
Buy Zone 1 (preferred): 1.37–1.3720
Buy Zone 2: 1.3650–1.3680 (extreme demand).
⏱ 8H Breakdown
Structure forming a potential head & shoulders consolidation, but neckline is unbroken.
If price dips into buy zones, expecting sharp reversal higher.
Liquidity below sitting at 1.37–1.3680, prime trap for late sellers.
Upside target: 1.41–1.4150 IMB.
🎯 Trade Plan
Entry: Wait for sweep into 1.37 demand (preferred).
Stop: 1.3645 (below extreme demand).
Target: 1.4100–1.4150 (daily IMB).
RR: 1:4+ depending on entry.
⚡ Bias
Bullish – waiting for a corrective dip into demand before continuation to 1.41+.
Invalidation: sustained close below 1.3640.
🕰 Weekly View
Price remains in a long-term bullish trend, holding above strong support.
Weekly structure shows resistance overhead at 1.50–1.52, but liquidity is building toward that level.
Current zone is mid-range, rejecting weekly supply.
📊 Daily Structure
Recent CHOCH + BOS confirm buyers stepping back in after tapping weekly demand.
Price consolidating near 1.38, building energy.
Daily IMB target sits at 1.41, aligning with upside liquidity.
Below, two strong buy zones line up with fib 0.618–0.71 retracement:
Buy Zone 1 (preferred): 1.37–1.3720
Buy Zone 2: 1.3650–1.3680 (extreme demand).
⏱ 8H Breakdown
Structure forming a potential head & shoulders consolidation, but neckline is unbroken.
If price dips into buy zones, expecting sharp reversal higher.
Liquidity below sitting at 1.37–1.3680, prime trap for late sellers.
Upside target: 1.41–1.4150 IMB.
🎯 Trade Plan
Entry: Wait for sweep into 1.37 demand (preferred).
Stop: 1.3645 (below extreme demand).
Target: 1.4100–1.4150 (daily IMB).
RR: 1:4+ depending on entry.
⚡ Bias
Bullish – waiting for a corrective dip into demand before continuation to 1.41+.
Invalidation: sustained close below 1.3640.
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.
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.