Price Action is nearing a Demand Zone on the 1H chart, so we may be able to capture rougly +200-pip opportunity to the upside.

Be prepared for the probability of Price Action consolidating or ranging around the minor Resistance Level @ 1.3709 and reversing to a DT once it reaches the major Resistance Level @ 1.3768.

Short-term time frames (1-minute to 3 hour):

— Highly volatile, price movements can be fast and unpredictable.

— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.

— Not ideal for beginners due to the risk and stress involved.
Beyond Technical AnalysisTechnical IndicatorsTrend AnalysisUSDCAD

Professor C. E. Ward
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