20 reason for buy USDCADUpdate 28/08/2022
1 Structure 1/2: sideways to bullish
2 imbalances : Target marked correction filled
3 Current Move1/2 : impulse
4 Entry TF : weekly
4.1 ETF Structure: bullish
4.2 move : IMPULSE
5 Support Resistance price support : Imbalance filled OB Support retest
6 FIB: this time also in 61.8 support level
7 candle Pattern : Back to momentum
8 Chart Pattern: LH HH
9 Volume : Above
10 Momentum: sideways bullish
11 Volatility : middle support
12 strength: bullish
13 Sentiment : due to commodities weakness CAD is in under pressure
14 Final Summary: buy at the price
15Buy /Sell/Wait : buy
16 Entry: 1.3053
17 Sl: 1.2890
18 Tp: 1.3537
19 Risk to reward Ratio: 1.4
20 Excepted Duration : 45 days
