USDCAD
Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has shown a clear sweep of the low and a strong impulse to the upside, surpassing the nearest swing high moves. This suggests the possibility of a trend reversal. Therefore, we plan to sell into our extreme demand area and wait for a confirmation entry to further validate our assumption of a bullish shift in price.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has shown a clear sweep of the low and a strong impulse to the upside, surpassing the nearest swing high moves. This suggests the possibility of a trend reversal. Therefore, we plan to sell into our extreme demand area and wait for a confirmation entry to further validate our assumption of a bullish shift in price.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
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Learn the Orion Trading System with the link below.
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Learn the Orion Trading System with the link below.
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Vist our website - orionrfx.com
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。