USDCAD - 1 MONTH TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Usdcadlongterm
USDCAD long-term outlookLooking at the structure of USDCAD, it is currently in Downtrend Momentum,
where price produced Low, Lower Highs and Lower Lows.
As we can relate to co-relation pairs,
if we observe OIL, there's a GAP of 85 to 90 per barrel.
It's climbing higher to cover the GAPS.
Fundamental expectation on WEDNESDAY 5th SEPTEMBER:
The CAD will raise interest rates higher by 25 basis points if not 50 basis points.
This will effect the CAD dollar to be stronger and will result for USDCAD to plunge downwards
to KEY LEVEL of 1.17000
Let me know what you think
Cheers