USD/CAD Multi time Frame Weekly analysis

USD/CAD Multi-time Frame :


USD/CAD Daily Chart
USD/CAD Daily Chart 
Bulls need to close above 1.32500-1.32700 for next upmove. Long Wick candle forms on Daily chart showing Bears activated in this zone.

Let's see the 4H chart for the confirmation.

USD/CAD 4Hour Chart
USD/CAD 4Hour Chart 
Do you see Ascending Diagonal on the chart? This pattern is alert for Buyers because momentum is slowly decreasing as it is going upward. We can see an inverted hammer or Pin bar candle forms on the chart. Now we look for the Possible entry on this pair. Let's jump to the 1 Hour Chart.

USD/CAD Hourly Chart 

The hourly chart still not confirms for entry. We will wait for Trendline break and Rejecting 50EMA and Pivot. Odds will be removed from the trend is important.
Possible selling level is below 1.32060 with Money management.


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