GoldenEngine

USDCAD-4hr's / Full Analysis Showing Best Area To Buy / Sell

FX:USDCAD   U.S. Dollar / Canadian Dollar
Pair Name : USD/CAD
Time Frame : 4hr's
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Natural - / Both Side's
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Description :
The price is now trading in a large descending channel. At the same time, a 30-degree semi-transverse channel component
Buying is likely when the price breaks through the liquidity area at 1.26250 and at the same time breaks the upper boundary of the large descending channel + the minor channel inside it.
The target will be at 1.29750, the next liquidity area, then the area of the highest liquidity at 1.31750 with a target of 550 pip
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The bearish scenario when the price breaches the semi-bullish trend at the liquidity area at 1.23750, and at the same time it will complete the descending channel scenario to target the next liquidity area below 1.20000 with a target of 375 pip.
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Stay tuned - More Reason's in Private Course
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🔰 Performance Analysis
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1 Week : Negative - 0.31 %

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