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USDCAD Waiting the convalidation!

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Forex48_TradingAcademy  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis Forex signals services uscad forex48 LONG short priceaction
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trendanalysis indicator fundamental forex signals services uscad forex48 long short priceaction
On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540, creating a long setup with a target at 1.3590. Both of these views are supported by spike validations on the order blocks.

Let me know what you think.

Happy trading to everyone.
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