Hello traders! Hope you are enjoying pips this month. First i need some support so HIT the like button, i will keep you update with great stuff.
After Huge drop USDCAD is now Forming Wyckoff's accumulation pattern. Currently it has formed head and shoulder pattern that is another confirmation for sell. This sell will break the SC area. It need a secondary test(ST) of SC area before any recovery.
Be careful in this trade because this is the Wyckoff's analysis method which performs very good in stock market but it does not have good accuracy in Currency Market.
Caution
This trade is not from my Monkey Fist strategy(The strategy that i use in my trades)
Previous analysis
After Huge drop USDCAD is now Forming Wyckoff's accumulation pattern. Currently it has formed head and shoulder pattern that is another confirmation for sell. This sell will break the SC area. It need a secondary test(ST) of SC area before any recovery.
Be careful in this trade because this is the Wyckoff's analysis method which performs very good in stock market but it does not have good accuracy in Currency Market.
Caution
This trade is not from my Monkey Fist strategy(The strategy that i use in my trades)
Previous analysis
