USDCAD POTENTIAL SHORT (4H&1D) CHARTS
USDCAD POTENTIAL SHORT
OKAY SO IM MAKING THIS POST TO FOLLOW UP ON THE RECENT POST THAT I HAD MADE FOR THE LONGER TERM VISION OF MY USDCAD SHORT BIAS. AFTER LOOKING AT THE WEEKLY TIMEFRAME THERE WAS A STRONG SELLER MOMENTUM PUSH TO THE DOWNSIDE AND NOW FOR THE PAST FEW WEEKS THER HAS BEEN A BUYER RE-TEST BACK INTO STRUCTURE THAT WAS BROKEN BY THE SELLERS. IF YOU LOOK AT THE CHART IT IS DISPLAYING THAT THE BUYERS ARE STRUGGLING TO COME INTO STRUCTURE WHICH IS SHOWING ME THAT THE SELLERS ARE STILL HOLDING CONTROL AND SEEM TO BE PUSHING THE BUYERS DOWN EVERY ATTEMPT THEY MAKE TO COME TO THE UPSIDE. KEEP AN EYE OUT TO WAIT FOR A STRONG SELLER PUSH ON LOWER TIMEFRAME (1H AND 4H) AND LOOK FOR A POTENTIAL SHORT TO THE DOWNSIDE TARGET AREA. JUST WANTED TO MAKE ANOTHER POST FOR SHORTER TIMEFRAME OPPORTUNITY TO POSSIBLY EXTRACT PROFITS FROM THE MARKET. MAKE SURE TO ALWAYS USE AND IMPLEMENT PROPER RISK MANAGEMENT WHEN TAKING TRADES. KEEP AN EYE OUT
CHEERS!
OKAY SO IM MAKING THIS POST TO FOLLOW UP ON THE RECENT POST THAT I HAD MADE FOR THE LONGER TERM VISION OF MY USDCAD SHORT BIAS. AFTER LOOKING AT THE WEEKLY TIMEFRAME THERE WAS A STRONG SELLER MOMENTUM PUSH TO THE DOWNSIDE AND NOW FOR THE PAST FEW WEEKS THER HAS BEEN A BUYER RE-TEST BACK INTO STRUCTURE THAT WAS BROKEN BY THE SELLERS. IF YOU LOOK AT THE CHART IT IS DISPLAYING THAT THE BUYERS ARE STRUGGLING TO COME INTO STRUCTURE WHICH IS SHOWING ME THAT THE SELLERS ARE STILL HOLDING CONTROL AND SEEM TO BE PUSHING THE BUYERS DOWN EVERY ATTEMPT THEY MAKE TO COME TO THE UPSIDE. KEEP AN EYE OUT TO WAIT FOR A STRONG SELLER PUSH ON LOWER TIMEFRAME (1H AND 4H) AND LOOK FOR A POTENTIAL SHORT TO THE DOWNSIDE TARGET AREA. JUST WANTED TO MAKE ANOTHER POST FOR SHORTER TIMEFRAME OPPORTUNITY TO POSSIBLY EXTRACT PROFITS FROM THE MARKET. MAKE SURE TO ALWAYS USE AND IMPLEMENT PROPER RISK MANAGEMENT WHEN TAKING TRADES. KEEP AN EYE OUT
CHEERS!
Comment:
Strong seller momentum kicking in for USDCAD. Look for the strong move to the downside ! Cheers!