Currency Pair: USD.CAD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short
Live USD.CAD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
評論
⋅
I expect price to find strong support at 1.2411 Although price rejected the 38.20% ( Daily TF ) there has been deceleration as it approaches 1.2411 previous support.
Tom, foremost, thank you for sharing. Secondly, do you take into consideration tomorrow's Canadian rate hike? I know that you don't use news as techs, but previously it showed that it could affect toughly.
If the support is so strong, could it happen that we'll go upside to 1.33? If there would no rate hike as expected.
In my analysis it's the C-leg of A-B-C correction of 1-2 wave of downtrend. 1.24 seems to be B leg completion.
It's only a hypothesis.
If the support is so strong, could it happen that we'll go upside to 1.33? If there would no rate hike as expected.
In my analysis it's the C-leg of A-B-C correction of 1-2 wave of downtrend. 1.24 seems to be B leg completion.
It's only a hypothesis.