USDCAD DAILY ANALYSIS

USDCAD really be doing the most... a very healthy uptrend

Expecting a pull back move into 1.42101 to 1.42064 to get a reaction before trend continuation in the 1hr timeframe

Yeah, those zones are quite valid for a bounce, but i wouldn't rely on them, except for scalp buys. Just as DXY is approaching a possible U-turn zone, so is USDCAD. at current price reactions, i'll just sit on my hands and watch what price will decide.

I knew price was going to break below that level, the 15min timeframe is already showing a trend change a head and shoulder reversal pattern and a break below 101.599

Base on breakout and retest price action strategy, I marked out a resistant area on USDCAD @ 1.42389 a break above that level confirmed my setup my entry at 1.42317 and invalidation at 1.42221 with take profits at 1.42538

USDCAD triggered first hit my ske due to fast price movement, made a re-entry again, price going my direction

SL hit on usdcad wait for a confirmation

Currently on USDCAD buying because price broke the 1.41974 level , with a rejection I decided to buy on the 15min with my invalidation at 1.41867

My plan on USDCAD today: A break below 1.42106 will give a more downside, my invalidation is a sweep at that level and a rejection

Price is still looking bullish for usdcad

Yeah manh,sorry that zone I marked as break would have been a retest level for USDCAD, a break below it would be an invalidation, am bullish on USDCAD

Yeah man it's still bullish regardless

Already in the buy trade, waiting for price to push upwards I will be out by 4pm

Price should move from there soon. Place your stops below that low

Still on it just Waiting for it to break above that level

How about your sl? Didn't you place it?

Price is still going up, I placed it at 800naira

If you check from the 6M you will see that the previous 6M candlestick break above the last 2 previous 6M candlestick, same with the 3M, 1M and down to the daily, so the pair is bullish heading towards that high at 1.4782 to take it out, remember price doesn't move in a straight line there will definitely be a retracement

Ooh okay I can see it now

I am anticipating a sell on USDCAD but until 5pm, if only the newyork session closes below the London session low or mid point, using the last 4hr candle that opened from 1pm to 4pm