USDCAD - Ranges overview (update)
Here is quick look at USDCAD....
We've broken above the weekly mid range (black line) and held above it.
The market is currently reaching trading towards the HTF buyside so let's see how it moves further next week.
IF we hold the current highs next week expect us to continue higher towards the buyside liquidity (red line) sitting around 1.39695
IF we fail to hold the current highs we'll revisit some of the sellside liquidity from the this week.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
We've broken above the weekly mid range (black line) and held above it.
The market is currently reaching trading towards the HTF buyside so let's see how it moves further next week.
IF we hold the current highs next week expect us to continue higher towards the buyside liquidity (red line) sitting around 1.39695
IF we fail to hold the current highs we'll revisit some of the sellside liquidity from the this week.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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