- In the monthly (higher timeframes), USDCAD is bullish.
- In the weekly timeframe, price reaction seems to trace a clear uptrend
- In the daily timeframe, it is also in a clear uptrend but at retracement phase due to a hidden 1 day invalidation.
- With our current 4hr timeframe forming what looks like an accumulation in an important psychological level we are tracing for low risk (14 Pips) high reward of up to 1:13 on the trade.
- In the weekly timeframe, price reaction seems to trace a clear uptrend
- In the daily timeframe, it is also in a clear uptrend but at retracement phase due to a hidden 1 day invalidation.
- With our current 4hr timeframe forming what looks like an accumulation in an important psychological level we are tracing for low risk (14 Pips) high reward of up to 1:13 on the trade.
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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.
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.