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🇨🇦 USDCAD – July 8 | Trendline Test and Liquidity Watch

25
Yesterday USDCAD closed strong bullish (+100 pips) into the March 2024 trendline, which it’s respected multiple times this year.

But there’s a key detail:
➡️ Today’s high is a pip away from yesterday’s — and there’s no upper wick.
That makes this a liquidity risk zone.

📌 What I’m watching:

🔻 Break of 1.36383 = potential shift to bearish intraday structure
→ First target: 1.35827 (yesterday’s low)
→ Then: 1.35432 for swing sell continuation

🔺 Small liquidity grab above today's high possible before drop

🧭 Bias: Bearish on daily + higher timeframes
🎯 Waiting for confirmation, not assumption

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.