Forex_Hokage

ANALYSIS ON THE USDCAD H4 TIMEFRAME MARKET

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
As you have all seen the market is going back and forth through the treandline resistance and the strong support below with the previous candle formed on the last support which is doji candle it is giving a slightly high chance of reaversal but I don't think on the D1 timeframe i would Respesct that support since it broke it once but if it does break it we are looking for a slight short which is 30% but if the next 2 candles that form on the H4 time frame is bullish then we could see a buy .....HAPPY 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.