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Jan 11, 2019 1:14 PM

USD/CAD VSA Analysis 

U.S. Dollar/Canadian DollarFXCM

Description

USD/CAD experienced profit taking at the high, as well as a distribution pattern followed by a down move to confirm.

It has now reached the confluence of FIBZONE and S/R, where we will gather information on bulls.

I will add comments with 1hr analysis

Comment



Here is the 1-Hour Chart, showing bull volume at the previous described zone of confluence, and then the start of what could be re-distribution.

First re-test of 50FIB and S/R from the Daily Chart has been reached and it will tell us about bears, and if the trend is ready to continue or will continue in the redistribution pattern
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