On USDCAD, we have a neutral - bearish setup today. The price has been bouncing off a support level for hours. At the moment, however, it has not yet confirmed a long entry. Therefore, there are two hypothetical scenarios. The market provides confirmation on M15 and H1 at the level of 1.3170 after the US data, or the price drops below the support level towards 1.3090. Let me know what you think. Greetings and happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
@Forex48_official, hi.i think we have CHOCH in daily and also in 4.i am waiting to see CHOCH IN 1 now.but this demand area is not good on my way…but i think the power of high time frame is more…
Forex48_TradingAcademy
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@JKsadaf, Very amazing analysis. So good that I could try to enter short this morning. Thanks, have a nice day!
SADAF_Trader
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@Forex48_official, thank you so much…i share this short on my ideas too now…i hope this demand area Don't bother us;)let’s c..have a great day.thanks for your analysis.