USDCAD BUY: Weekly, Daily & 4HR Multi-timframe analysis

17 июл. 2019 г.

USDCAD Thesis

- Weekly: Last weeks candle closed as a shooting star just above 1.3022 support signalling more sell momentum is likely to come. Structure is still bearish.

- Daily: Market structure is still bearish. Yesterdays candle closed as a huge hammer signalling buy strength. Next target likely to be 1.3137 resistance.

- 4hr: Inverse head & shoulder reversal formation. Break of neckline above 1.3058 4hr level, no waiting retest of level/ 50% Fibonacci level. If level holds then could see a rally up to 1.3137 resistance.

17 июл. 2019 г.

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