USDCAD short - All Confirmations

Jul 20, 2020

Hello Traders!

On USDCAD we are currently at the h4 Supply Zone.

#1 Target: I expect a nice drop to the h4 Demand Zone.
#2 Target: As the extended TP I see the daily Demand Zone.

Why can we expect the drop to the daily Supply Zone?
If we have a look at the current structure on USDCAD, then we can see that price is actually in a massive downtrend. Right now the price is consolidating. Also there we can spot a Head and Shoulder Formation. You can see this in my last video analysis.

Confirmation for short:
#1 Trend
#2 Structure
#3 Wave Analysis
#4 Supply Demand
#5 Head and Shoulder Pattern

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.

Jul 21, 2020

Trade closed: target reached

Jul 21, 2020

Note