Red = Upper and Lower Major Weekly R
Blue = Upper and Lower Major Daily R
We see apart from the odd exception the USD CAD ranging in the long term, bouncing between the Weekly lines (Red)
Looking at the lower timescales we also see the same sentiment echoed in Blue.
Most notably we have indecision on the daily candles including a pinbar on Friday as well as weekly pin bar.
1.33785 is my target with TPs on the way up
Based on my 'naked' strategy we have to presume the least path of resistance long term is in the USD favour. If we see it break below or above these Resistance zones await a retest
Good Luck
Blue = Upper and Lower Major Daily R
We see apart from the odd exception the USD CAD ranging in the long term, bouncing between the Weekly lines (Red)
Looking at the lower timescales we also see the same sentiment echoed in Blue.
Most notably we have indecision on the daily candles including a pinbar on Friday as well as weekly pin bar.
1.33785 is my target with TPs on the way up
Based on my 'naked' strategy we have to presume the least path of resistance long term is in the USD favour. If we see it break below or above these Resistance zones await a retest
Good Luck