Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If...
Looking for a potential short opportunity for NZDCAD.
Weekly - Downtrend with trend falling well below 200 EMA + Stoch Overbought
Daily - Rejection and Bearish engulfing daily candle off Daily Resistance Zone
4h - Nice bearish engulfing candles, looking for 50% pullback before considering Shorts.
*Note to self - Check OIL Trend if Bullish more confluence to short.