Hey traders and investors!
Take a look at the monthly chart of USDCAD.
The price has been in a sideways range for quite some time, and the seller initiative is currently active.
📌 At the upper boundary of the range, a seller zone (red box) has formed, along with a seller-side Decision bar (IKC), which has now hit the buyer zone (blue box).
⚠️ With this structure, it makes more sense to look for short setups.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Take a look at the monthly chart of USDCAD.
The price has been in a sideways range for quite some time, and the seller initiative is currently active.
📌 At the upper boundary of the range, a seller zone (red box) has formed, along with a seller-side Decision bar (IKC), which has now hit the buyer zone (blue box).
⚠️ With this structure, it makes more sense to look for short setups.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.