🔹 Pair: USDCAD
🔹 Timeframe: H4
🔹 Price: 1.36806
🔹 Bias: Short/SELL Setup Pending
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💡 Analysis Summary:
USDCAD is approaching a major resistance zone aligned with the 61.8% Fibonacci retracement level from the previous bearish leg.
Structure shows a clear ABC corrective pattern with signs of exhaustion at current levels.
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📌 Key Levels to Watch:
🔺 Resistance: 1.3720–1.3740 (Potential Reversal Zone)
🔻 Target Zone: 1.3450–1.3500
🔓 Invalidation Above: 1.3760
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📉 Plan:
Watch for bearish confirmation (e.g., bearish engulfing, double top, divergence) at resistance before entry.
High RR setup expected if price rejects near 1.3740.
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🔁 Wait. Confirm. Execute.
🧠 Trade smart, not fast.
📊 More updates coming daily.
🔹 Timeframe: H4
🔹 Price: 1.36806
🔹 Bias: Short/SELL Setup Pending
---
💡 Analysis Summary:
USDCAD is approaching a major resistance zone aligned with the 61.8% Fibonacci retracement level from the previous bearish leg.
Structure shows a clear ABC corrective pattern with signs of exhaustion at current levels.
---
📌 Key Levels to Watch:
🔺 Resistance: 1.3720–1.3740 (Potential Reversal Zone)
🔻 Target Zone: 1.3450–1.3500
🔓 Invalidation Above: 1.3760
---
📉 Plan:
Watch for bearish confirmation (e.g., bearish engulfing, double top, divergence) at resistance before entry.
High RR setup expected if price rejects near 1.3740.
---
🔁 Wait. Confirm. Execute.
🧠 Trade smart, not fast.
📊 More updates coming daily.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.