USDCAD Multi-Time Frame Analysis
ANALYSIS
1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.
4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.
Action Items
Note: This is my personal analysis only. Trade at your own risk.
1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.
4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.
Action Items
- If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822.
- If the price bounced or faked-out of resistance, go SHORT targeting at least 1.31357.
Note: This is my personal analysis only. Trade at your own risk.
Disclaimer
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