Bismillah
So this is my analysis regarding on USDCAD. What i see is USDCAD is now ready for SELLING. Below is the reason on why i am aiming SELL for USDCAD
1) There are Supply Area had been established by engulfing two bullish candle with one bearish candle. It sign a strong movement might be moving.
2) Price already break MA 50 and below the MA. It means that price might be in SELLING Mode
3) The supply area create a fake breakout of MA and coming back to the downtrend
4) RR that is given is nice, which is 1:3
I will manual enter SELL once the market open, for the level TP and SL is as per shown.
P/S: I'm offering free coaching on FX for those trade under my affiliate. However, i still continue with the analysis shared without any restriction in tradingview
So this is my analysis regarding on USDCAD. What i see is USDCAD is now ready for SELLING. Below is the reason on why i am aiming SELL for USDCAD
1) There are Supply Area had been established by engulfing two bullish candle with one bearish candle. It sign a strong movement might be moving.
2) Price already break MA 50 and below the MA. It means that price might be in SELLING Mode
3) The supply area create a fake breakout of MA and coming back to the downtrend
4) RR that is given is nice, which is 1:3
I will manual enter SELL once the market open, for the level TP and SL is as per shown.
P/S: I'm offering free coaching on FX for those trade under my affiliate. However, i still continue with the analysis shared without any restriction in tradingview