Hello traders and investors,
Welcome to technical analysis of USDCAD.
if you like this analysis please like and comment below, it will support creating more analysis for you.
so looking at the chart i see price is falling and might reach structure level soon near 1.22757, where we start looking for bullish move , we sit and see at this structure level and market will give us signal regarding direction.
we never jump into market just by seeing major support and resistance , we have to add on our other important confirmations.
this is monthly timeframe and i mostly use my snipper strategy (entry in lower timeframe) for best entry.
Welcome to technical analysis of USDCAD.
if you like this analysis please like and comment below, it will support creating more analysis for you.
so looking at the chart i see price is falling and might reach structure level soon near 1.22757, where we start looking for bullish move , we sit and see at this structure level and market will give us signal regarding direction.
we never jump into market just by seeing major support and resistance , we have to add on our other important confirmations.
this is monthly timeframe and i mostly use my snipper strategy (entry in lower timeframe) for best entry.
