I used support and resistance on the 4HR timeframe to see where price could go next. My analysis shows that it may be bullish if it does bounce off of the support trend line. Plus I will be waiting for confirmation before I enter the trade. Let me know what you guys think.
I decided I am shorting the pair now after doing my analysis on the daily time frame, as you can see price has bounced from the resistance. I was always told to check daily then move onto lower time frames, however i forgot today. SORRY.
This is my first time publishing a strategy so let me know what you think of my analysis, I used trend lines and zones to mark the support and resistance so I can have an idea where price could go on USD/CAD 1HR and 4HR time frame.