$USD/CAD - Big Monthly Range *M(tf)
UUSD/CAD seen on *Monthly time-frame
Price Action seems to have Broken Structure on *M.
However, price still on Strong Supports :
- *M mid-range S/R area
- Triangle Bottom Area of Support (broken for now)
- Support Trendline from Lows
More confirmations to come The Week ahead in terms of Price Action
for the BoS situation & wether supports will hold UUSD/CAD or plunge it.
Price Action seems to have Broken Structure on *M.
However, price still on Strong Supports :
- *M mid-range S/R area
- Triangle Bottom Area of Support (broken for now)
- Support Trendline from Lows
More confirmations to come The Week ahead in terms of Price Action
for the BoS situation & wether supports will hold UUSD/CAD or plunge it.
Note
Throwing in Volume, we can see *M is below average Note
VRVP (Volume Profiile)Price currently trading at VRVP's PoC (Point of Control)
Will the points of Support conflicting with each other push the price up ?
Note
Displaying EMA's we can see price just recently penetrating through 20EMA *MFailing to find it as support
Next support, 50 EMA at 1.3065 .
Note
USD/CAD *Daily (tf)
Flirting with broken support Trendline faced as resistance
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Related publications
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.