USD/CAD Market Analysis for the week of 7/17/2022 - 7/22/2022
Market Analysis based on 4H Timeframe.
Coming into this week I plan on looking for Buy trades, as I believe the market will shoot to the upside at or near one of the reversal points I have placed on the chart. ( Gold Lines) If the pair does happen to fall into the neutral area, (White Triangle), then I will be waiting for either a break back upward into the Reversal Area, ( Gold Triangle), or a break and retest of the Fall Out Area (Red Rectangle ).
If BUY is true - I'm expecting the area of the previous high to play as a TP Zone (Represented by the Upper Green Rectangle )
If SELL is true - I'm expecting price to fall about 100 pips toward our TP Zone (Represented by the Lower Green Rectangle )
All mark ups have been found using certain, back tested, tools and indicators that are a part of my overall strategy.
THESE ARE MY IDEAS ONLY AND IN NO WAY A TRADE SUGGESTION!!
Just something to keep in mind.
HAPPY TRADING
Coming into this week I plan on looking for Buy trades, as I believe the market will shoot to the upside at or near one of the reversal points I have placed on the chart. ( Gold Lines) If the pair does happen to fall into the neutral area, (White Triangle), then I will be waiting for either a break back upward into the Reversal Area, ( Gold Triangle), or a break and retest of the Fall Out Area (Red Rectangle ).
If BUY is true - I'm expecting the area of the previous high to play as a TP Zone (Represented by the Upper Green Rectangle )
If SELL is true - I'm expecting price to fall about 100 pips toward our TP Zone (Represented by the Lower Green Rectangle )
All mark ups have been found using certain, back tested, tools and indicators that are a part of my overall strategy.
THESE ARE MY IDEAS ONLY AND IN NO WAY A TRADE SUGGESTION!!
Just something to keep in mind.
HAPPY TRADING
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.