USDCAD Market Analysis
This is my first time publishing anything, so be nice lol...
This is not me taking an “exact” side, however this is just the way I mark up my charts to predict future, long term outcomes. BUT, I like to project all possibilities. The market is unpredictable so expand your mind, don’t just have one possible outcome.
If someone were to ask for my opinion, I would say that USDCAD has potential to push higher off of the lower trend line. Wait for buying momentum/ structure to present itself then.... boom! You’ve got yourself an entry. Now, with that being said, I do believe that USDCAD is going to give One final push down before breaking to the upside, but that is why I said WAIT for the bullish structure to present itself. You should not be looking to buy and price is still creating lower highs ....no ma’am/sir.
How long will the bullish momentum last you ask? Who knows! Trail your stop loss and don’t over leverage. Please reference current price to the DXY.
This is not me taking an “exact” side, however this is just the way I mark up my charts to predict future, long term outcomes. BUT, I like to project all possibilities. The market is unpredictable so expand your mind, don’t just have one possible outcome.
If someone were to ask for my opinion, I would say that USDCAD has potential to push higher off of the lower trend line. Wait for buying momentum/ structure to present itself then.... boom! You’ve got yourself an entry. Now, with that being said, I do believe that USDCAD is going to give One final push down before breaking to the upside, but that is why I said WAIT for the bullish structure to present itself. You should not be looking to buy and price is still creating lower highs ....no ma’am/sir.
How long will the bullish momentum last you ask? Who knows! Trail your stop loss and don’t over leverage. Please reference current price to the DXY.
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