09/08/2020 USDCAD - WEEKLY PLAY SHORT TF H4

Welcome,

Below you will find our trading notes:

Monthly view - BULLISH
Weekly view - BEARISH
Daily view - BULLISH

Previous week LOW - 1.3234
Previous week HIGH - 1.3451
Previous week profile - BEARISH

News this week:

11/08 TUE - 14.30
12/08 WED - 14.30, 16.30
13/08 THU - 14.30
14/08 FRI - 14.30. 16.30

Where to focus:

SELL SIDE SETUPS MAINLY, BUT THERE SHOULD BE SCALP FOR 80-100 PIP UPSIDE
LIQUIDITY BELOW : 1.3200
SUPPORT STRUCTURE : 1.3440 -> 1.3465
SUPPORT HIGHER STRUCTURE : 1.3500 -> 1.3554
LIQUIDITY BELOW : 1.3200, 1.3120, 1.3035
RESISTANCE STRUCTURE : 1.3275 -> 1.3215

Weekly scenario:

We expect pullback to one of our defined support structures, where we'll look for entries short.
If first support structure is broken, then we focus on entries on the higher support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our short side zones, then first TP is 1.3250 but over all target is below 1.3200

Protection strategy:
SL up to 20 pips above support structure


REMEMBER!

NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)

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HAVE AN AMAZING DAY!

ENJOY