USDCAD Forecast next week
Updated
My view USDCAD
W1:
- Structure: Downtrend
- Tendency: upward and breakout trendline
- Candle: Bullish
--> Buy
D1:
- Structure: Uptrend
- Prior tendency: Strong downward
- However: The price given prior strong bullish.
H4:
- Prior tendency; Downward, weakning
- Minor double bottom
- Test trendline H4--> given signal up !
W1:
- Structure: Downtrend
- Tendency: upward and breakout trendline
- Candle: Bullish
--> Buy
D1:
- Structure: Uptrend
- Prior tendency: Strong downward
- However: The price given prior strong bullish.
H4:
- Prior tendency; Downward, weakning
- Minor double bottom
- Test trendline H4--> given signal up !
Note
Note
Move stoploss to entry !Note
Note
Note
Profit >140pip. Close 1/2 volume.
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