USDCAD Potential Downward Movement
First things first.
All higher timeframes are bearish, if they're bullish. it means that they're going for a retracement into higher timeframe POI's.
Next. On the 15Minute Timefram I see that price made a Bullish BOS into the Higher Timeframe Supply Area.
This is where I want to see a CHOCH Occur.
Next. Price went down and broke the Demand Area that was formed with the Bullish BOS.
Then It retraced into the newly 15M created Supply Area. which I refined to a 5M Supply Zone.
Waited on the 1Minute timeframe for a Major Choch to form.
Now it's retracing towards the 1M Formed Supply.
Entry there and copy my TP's.
1:8 R
Educational purposes only, this is not financial advise
All higher timeframes are bearish, if they're bullish. it means that they're going for a retracement into higher timeframe POI's.
Next. On the 15Minute Timefram I see that price made a Bullish BOS into the Higher Timeframe Supply Area.
This is where I want to see a CHOCH Occur.
Next. Price went down and broke the Demand Area that was formed with the Bullish BOS.
Then It retraced into the newly 15M created Supply Area. which I refined to a 5M Supply Zone.
Waited on the 1Minute timeframe for a Major Choch to form.
Now it's retracing towards the 1M Formed Supply.
Entry there and copy my TP's.
1:8 R
Educational purposes only, this is not financial advise