USDCAD DAILY ANALYSIS

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

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.

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

Although I can see a short bullish reversal coming

Yeah price is reacting from the demand area

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

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

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

Price missed my entry on USDCAD today, price after trading to a discounted level, started buying, forming a head and shoulder, after sweeping liquidity, I placed my entry on the right shoulder side, equivalent to the left side but price didn't pullback to trigger

The usdcad trade I took by 1:30pm today has been closed in good profits

USDCAD has been heavily bullish the entire month. It is near a resistance zone and I'll be watching its reactions if it will invalidate the bullish channel. If it does, I'll look for sell opportunity.
Entry at 1.4254
SL: 1.4276