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Eddie3026
May 15, 2022 8:54 PM

USD/CAD, Potentail moves to the up and downside  

USD/CADCapital.com

Description

Daily: Price has broken D, BOS to the upside, making structured HH's and Lows.

Price is above the 50 and 100 EMA.

4H: Price is making HH's and HL's towards the upside.

Price has broken 4H structure to the upside reacting off demand zones throughout.

Price is currently reacting within a strong 4H Demand POI,

1H: Price is within a downtrend, having recently broken structure,

Below 50 and 100 EMA,

Price is currently bearish pushing lower within the 4H POI,

Assessment: if price breaks-through the POI, I will look for a re-test of a supply zone.
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