USD/CAD LONG SETUP DEVELOPING. DON'T MISS THIS CHANCE
TOP DOWN ANALYSIS
WEEKLY TIMEFRAME
----We see price is above the EMA indicating an uptrend in which the EMA Acts as dynamic support and resistance.we have seen price forming and higher low in the 50% fib level confirming as support
DAILY TIMEFRAME
-----EMA are pointing sideways indicating consolidation
-----Support is still being maintained while creating lower lows. still valid uptrend
H4 TIMEFRAME
----Price is below the EMA indicating a temporary retracement to collect liquidity
---- liquidity level i have identified by the red zone which come in confluence with the fib retracement level 61.8% and 78.6%
---we could see price retrace all the way to the zone btn 61.8 to 78.6%
H1 Timeframe
---- EMA crossover indicating price will drop in confluence with the H4 timeframe. and to those liquidity zone
update on COT DATA
--- we see institution are heavily buying dollar and selling canadian dollar. so this gives us and edge in the market.
TIPS
--- proper risk management
----confirmation from EMA crossover to upside in h1 and h4 timeframe
-- break of structure in M30 for perfect entry to upside
if you have any question comment below . like to help and support creation of more content. follow me to get notified on my analysis thank you
WEEKLY TIMEFRAME
----We see price is above the EMA indicating an uptrend in which the EMA Acts as dynamic support and resistance.we have seen price forming and higher low in the 50% fib level confirming as support
DAILY TIMEFRAME
-----EMA are pointing sideways indicating consolidation
-----Support is still being maintained while creating lower lows. still valid uptrend
H4 TIMEFRAME
----Price is below the EMA indicating a temporary retracement to collect liquidity
---- liquidity level i have identified by the red zone which come in confluence with the fib retracement level 61.8% and 78.6%
---we could see price retrace all the way to the zone btn 61.8 to 78.6%
H1 Timeframe
---- EMA crossover indicating price will drop in confluence with the H4 timeframe. and to those liquidity zone
update on COT DATA
--- we see institution are heavily buying dollar and selling canadian dollar. so this gives us and edge in the market.
TIPS
--- proper risk management
----confirmation from EMA crossover to upside in h1 and h4 timeframe
-- break of structure in M30 for perfect entry to upside
if you have any question comment below . like to help and support creation of more content. follow me to get notified on my analysis thank you
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