USDCAD – Bearish Distribution Setup 📉
USDCAD is showing a potential bearish continuation after a clear buyer trap and liquidity sweep near the recent highs. The manipulation phase was followed by strong selling pressure, while the distribution zone suggests smart money may be preparing for a deeper move lower.
Price is currently reacting around the FVG area. As long as this supply zone holds, the market may continue toward the highlighted target zone.
Technical Outlook:
Buyer trap and liquidity sweep completed
Strong rejection from resistance
Distribution phase in progress
FVG acting as a supply zone
Bearish bias below resistance
Targets: 🎯 TP1: 1.3760
🎯 TP2: 1.3720
🎯 TP3: 1.3680
Invalidation: ❌ A strong bullish close above the FVG and distribution zone would weaken the bearish outlook.
USDCAD is showing signs of bearish continuation after a liquidity sweep and buyer trap at resistance. The distribution phase, combined with rejection from the FVG zone, suggests sellers remain in control. As long as price stays below the supply area, the pair may continue lower toward 1.3760, 1.3720, and 1.3680. Traders should wait for confirmation and apply proper risk management before entering any position. 📉🔥
USDCAD is showing a potential bearish continuation after a clear buyer trap and liquidity sweep near the recent highs. The manipulation phase was followed by strong selling pressure, while the distribution zone suggests smart money may be preparing for a deeper move lower.
Price is currently reacting around the FVG area. As long as this supply zone holds, the market may continue toward the highlighted target zone.
Technical Outlook:
Buyer trap and liquidity sweep completed
Strong rejection from resistance
Distribution phase in progress
FVG acting as a supply zone
Bearish bias below resistance
Targets: 🎯 TP1: 1.3760
🎯 TP2: 1.3720
🎯 TP3: 1.3680
Invalidation: ❌ A strong bullish close above the FVG and distribution zone would weaken the bearish outlook.
USDCAD is showing signs of bearish continuation after a liquidity sweep and buyer trap at resistance. The distribution phase, combined with rejection from the FVG zone, suggests sellers remain in control. As long as price stays below the supply area, the pair may continue lower toward 1.3760, 1.3720, and 1.3680. Traders should wait for confirmation and apply proper risk management before entering any position. 📉🔥
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
Gold Signal's with proper TP & SL for high profit opportunities.
t.me/addlist/7jtN1zcz9W05MDVk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
Gold Signal's with proper TP & SL for high profit opportunities.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.