USD/CAD SHORT SETUP !!!
Updated
TOP DOWN ANALYSIS
DAILY TIMEFRAME
We see a nice melt down in usd/cad as oil price continue to rise as a result price of canadian dollar as appreciated..
H4 timeframe
Usd/Cad was consolidation for a while and see shall see a nice range between high level 1.36600 level and low level 1.35100 level. we see a temporary break of structure in lower timeframe for a continuation to downside if price of oil will appreciated in value.
H1 Timeframe
Price is currently trading between to level around high 1.36200 level and low 1.35000 level. this week we had a nice melt down of usdcad and today we saw nice pullback . a key level to watch is around 61.8% fib level to 78.8% fib level. price level to key an eye on is around 1.3600 level which is a key liquidity point. also between the fib level. and we need to wait for rejection and EMA crossover before a rollover to downside
DAILY TIMEFRAME
We see a nice melt down in usd/cad as oil price continue to rise as a result price of canadian dollar as appreciated..
H4 timeframe
Usd/Cad was consolidation for a while and see shall see a nice range between high level 1.36600 level and low level 1.35100 level. we see a temporary break of structure in lower timeframe for a continuation to downside if price of oil will appreciated in value.
H1 Timeframe
Price is currently trading between to level around high 1.36200 level and low 1.35000 level. this week we had a nice melt down of usdcad and today we saw nice pullback . a key level to watch is around 61.8% fib level to 78.8% fib level. price level to key an eye on is around 1.3600 level which is a key liquidity point. also between the fib level. and we need to wait for rejection and EMA crossover before a rollover to downside
Trade closed: target reached
on fucking point. target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.