USD/CAD – Week 21 – Bears running out of steam.
Last week, this pair ranged the whole week, without any notable price movement.
For this week we will wait and see if the price breaks the confirmation area, before considering any buy setups. If we’ll reject that area, more downside is possible.
Keep in mind that based on our methodology we are expecting a Daily correction, which means, that on the 4h timeframe the most probable move is bullish.
Our advice is to be cautious and avoid trading this pair for now, as nothing is clear.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week we will wait and see if the price breaks the confirmation area, before considering any buy setups. If we’ll reject that area, more downside is possible.
Keep in mind that based on our methodology we are expecting a Daily correction, which means, that on the 4h timeframe the most probable move is bullish.
Our advice is to be cautious and avoid trading this pair for now, as nothing is clear.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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