VasilyPonomarev

USDCAD: Multi Time Frame Analysis & Trading Plan

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar

USDCAD reached a major 3 days/daily rising trend line .
this trend line matches with a horizontal daily/4H structure
and yesterday the price has been rejected multiple times confirming the strength of the demand area.

on 1H the price has formed a h&s pattern and now it is attempting to break above the neckline.

in case of a confirmed neckline breakout, we can buy aggressively or on retest aiming at higher structure levels.

next goals will be:
1.347
1.350

Comments

Are you also bullish on usdcad?
+1 Reply
bitriceps VasilyPonomarev
Reply
@bitriceps, good!
Reply
smooth analysis!
Reply
Nice heads-up!
Reply
VasilyPonomarev Phi-Deltalytics
@Phi-Deltalytics, thank you my friend!
Reply
Good work!!!
Reply
@MayChen816, thank you!
Reply
I agree with you. dear Vasily
Reply
@SEYED98, good analysis!
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