🔍 Key Observations:
Supply Zone (169.713):
Price is approaching a marked supply zone, where sellers previously stepped in with strong momentum. This zone could act as a resistance area, potentially rejecting price downward.
Previous Low Break:
The structure shows that price broke below a previous low, indicating bearish pressure and a possible shift in market...
Eur/Jpy rising Wedge Pattern on larger timeframe.
Entry after the break of previous high and the target price will be the consolidation level above it.
📈 USDCAD Analysis – 1H Chart (June 19, 2025)
The USDCAD is showing signs of bullish exhaustion after a strong rally. The price is currently trading around 1.3710, just below the recent local high at 1.37117.
🔹 Bearish Divergence: Price action is forming higher highs, while RSI is forming lower highs — a classic bearish divergence, hinting at potential downside...
