USDCAD 240min Still Predicting $1.40's (with Video)

A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry.

Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision.

The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's.

Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one

"What To Have Before Taking A Trade" youtube.com/watch?v=l6Y8X8v76OY

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com