ShinForex1
Long

USD/CAD LONG SETUP!!!

FX:USDCAD   U.S. Dollar / Canadian Dollar
TOP DOWN ANALYSIS

WEEKLY TIMEFRAME
----We see price is above the EMA indicating an uptrend in which the EMA Acts as dynamic support and resistance .we have seen price forming and higher low in the 50% fib level confirming as support


DAILY TIMEFRAME

-----EMA are pointing sideways indicating consolidation

-----Support is still being maintained while creating lower lows. still valid uptrend


H4 TIMEFRAME

----Price is below the EMA indicating a temporary retracement to collect liquidity

---- liquidity level i have identified by the red zone which come in confluence with the fib retracement level 61.8% and 78.6%

---we could see price retrace all the way to the zone btn 61.8 to 78.6%


H1 Timeframe

---- EMA crossover indicating price will drop in confluence with the H4 timeframe. and to those liquidity zone


update on COT DATA

--- we see institution are heavily buying dollar and selling canadian dollar . so this gives us and edge in the market.


TIPS

--- proper risk management

----confirmation from EMA crossover to upside in h1 and h4 timeframe

-- break of structure in M30 for perfect entry to upside



if you have any question comment below . like to help and support creation of more content. follow me to get notified on my analysis thank you
Order cancelled: trade become invalid , the zones didnt hold and we didnt see any reveral candlestick and EMA crossover

Comments

I like Your Ideas
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Excellent Analysis And very well explained..interesting things
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you're doing great
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RVN has BOTTOMED ----> Its MOON Time
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agree with you
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ShinForex1 CryptoCheck-
@CryptoCheck-, thanks
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