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All_Mighty_Forex
Jul 17, 2022 9:45 AM

USD/CAD Market Analysis for the week of 7/17/2022 - 7/22/2022 

U.S. Dollar/Canadian DollarFXCM

Description

Market Analysis based on 4H Timeframe.

Coming into this week I plan on looking for Buy trades, as I believe the market will shoot to the upside at or near one of the reversal points I have placed on the chart. ( Gold Lines) If the pair does happen to fall into the neutral area, (White Triangle), then I will be waiting for either a break back upward into the Reversal Area, ( Gold Triangle), or a break and retest of the Fall Out Area (Red Rectangle ).

If BUY is true - I'm expecting the area of the previous high to play as a TP Zone (Represented by the Upper Green Rectangle )
If SELL is true - I'm expecting price to fall about 100 pips toward our TP Zone (Represented by the Lower Green Rectangle )

All mark ups have been found using certain, back tested, tools and indicators that are a part of my overall strategy.

THESE ARE MY IDEAS ONLY AND IN NO WAY A TRADE SUGGESTION!!
Just something to keep in mind.
HAPPY TRADING
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