USDCAD Market Structure, FIBS 4H CHART
Updated
USDCAD
- CURRENTLY ON A DOWNTREND.(1ST CONFIRMATION FOR SHORT)
- 61.8 RETRACE FROM PREVIOUS LH POINT ON 4H (2ND)
- HAS BROKEN A PREVIOUS SUPPORT NOW WAITING FOR RESISTANCE TO BE CREATED FOR ENTRY (3RD)
** IF YOU GO TO DAILY, YOU WILL SEE IT IS ALSO CURRENTLY ON A DOWNTREND. (4TH)
- CURRENTLY ON A DOWNTREND.(1ST CONFIRMATION FOR SHORT)
- 61.8 RETRACE FROM PREVIOUS LH POINT ON 4H (2ND)
- HAS BROKEN A PREVIOUS SUPPORT NOW WAITING FOR RESISTANCE TO BE CREATED FOR ENTRY (3RD)
** IF YOU GO TO DAILY, YOU WILL SEE IT IS ALSO CURRENTLY ON A DOWNTREND. (4TH)
Note
News hit SL...NOTE: Always check eco calendar.
Did not see CAD news for today.
On to the next trade
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