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USDCAD DAILY ANALYSIS

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@asuquokelvin - 1 day ago
Quoted - godspowerdan

USDCAD was bearish anyways so the news going in that direction wasn't really an issue

Although I can see a short bullish reversal coming

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@nsg_usd - 23 hours ago
Quoted - asuquokelvin

From the technical approach, I think usdcad is already alligning to what NFP has to give, it's already selling showing the direction, what do you think?

USDCAD- I didn't trade NFP last week. But clearly from last week's price action, it respected my bearish bias on USDCAD that I've had since Last month even before the daily bearish channel was fully formed.

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@nsg_usd - 23 hours ago
Quoted - nsg_usd

USDCAD- I didn't trade NFP last week. But clearly from last week's price action, it respected my bearish bias on USDCAD that I've had since Last month even before the daily bearish channel was fully formed.

On USDCAD- A break below 1.3932 and we'll go lower. A break above 1.3972 and we'll go higher.

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@asuquokelvin - 22 hours ago
Quoted - godspowerdan

Looks like a valid idea. Price is currently at a 4h demand

I can't really see the reaction am expecting at that region

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@godspowerdan - 22 hours ago
Quoted - asuquokelvin

Although I can see a short bullish reversal coming

Yeah price is reacting from the demand area

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@asuquokelvin - 21 hours ago
Quoted - godspowerdan

Yeah price is reacting from the demand area

Although I will just allow the buys and focus more on the sells

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@godspowerdan - 21 hours ago
Quoted - asuquokelvin

I can't really see the reaction am expecting at that region

Then you let price be as there's no setup for now

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@godspowerdan - 21 hours ago
Quoted - asuquokelvin

Although I will just allow the buys and focus more on the sells

That's better because you will be sticking to just trading the impulsive move

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@asuquokelvin - 1 hour ago
Quoted - godspowerdan

That's better because you will be sticking to just trading the impulsive move

The reaction at the level didn't show a bullish intent and Price is showing some bearish move

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@godspowerdan - 37 minutes ago
Quoted - asuquokelvin

The reaction at the level didn't show a bullish intent and Price is showing some bearish move

Yeah that's why I said it's safer to stick with the impulsive move

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