USDCAD buy preference above lows and above 1.3550.
This is price action and still one hour before US opening hours so consider that voltility it will be a factor today for information about employment.
Market is holding into dollar at this levels
USDCAD is below 1.36 pushing sellers to 1.3550 and 1.3540 with extention to 1.3530.
All this lows have high buy potencial.
I suggest to wait on buyers and attention to get stuck with a short at this lows.
EURUSD is holding buyers above 1.08, waiting more information. IF above 1.0830 all buyers back to TP 1.0850
Sell expected below 1.0815 to 1.08, below 1.08 all sellers back
IF above 1.0830 all buyers back to TP 1.0850
GBPUSD is holding buyers above 1.23, waiting sellers below 1.23 to 1.2290 below 1.2290 sellers back to 1.2260 and 1.2250
IF above 1.2340 possible buy...
so this trade is based on support and resistance with the trend.
and the resistance will be used as support after break and 50ema is used as dynamic support.
this is simple break and resistance strategy with the trend
Hey traders, here is the analysis for the USDCAD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
USDCAD is forming a double top on the monthly timeframe. Currently in an uptrend on the daily timeframe. It may respect the uptrend channel. You can place a stop order for a swing trade at 2:1 RR. On the Gann, it is on the verge of breaking the 1/1 line to continue further in uptrend.
