USDCAD Analysis Dec 26, 2021

We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.

On the weekly timeframe we are still very much bullish. Last week we had a pullback and now should be the time to look for buys as we are retesting the 1.28100 level.

On the h4 timeframe we are in a great position to look for a buy. We need to wait for a lower timeframe break of structure before going long.