Short from 1.25580 down to 1.24400
Multi Timeframe Analysis
I use Daily/ 4H market structure and wave analysis to prep for potential moves. The MACD and EMA indictors are used only for entries from the 4H or 1H timeframe
Recommendation:
USDCAD faces daily and weekly bearish structure and will be taking zigzagging downward vectors till 1.2440. This may herald the end of bearish structure for a high probability buy setup.
As the daily and 4H downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.
I use Daily/ 4H market structure and wave analysis to prep for potential moves. The MACD and EMA indictors are used only for entries from the 4H or 1H timeframe
Recommendation:
USDCAD faces daily and weekly bearish structure and will be taking zigzagging downward vectors till 1.2440. This may herald the end of bearish structure for a high probability buy setup.
As the daily and 4H downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.