USDCAD 30min Analysis November 18th, 2022
USDCAD Bearish Idea
Daily Trend: Bearish
4hour Trend: Bearish
1hour Trend: Bearish
Trade scenario 1: We are looking bearish on all higher timeframe.
Looking for continuation after a lower high forms at 1.33000.
Trade scenario 2: Price can break back above the resistance and continue upside. Look for long entries after higher low confirmation at 1.33000.
Daily Trend: Bearish
4hour Trend: Bearish
1hour Trend: Bearish
Trade scenario 1: We are looking bearish on all higher timeframe.
Looking for continuation after a lower high forms at 1.33000.
Trade scenario 2: Price can break back above the resistance and continue upside. Look for long entries after higher low confirmation at 1.33000.