"Top and Bottom Analysis" USD/CAD by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we observe on the Chart:
- Price is on an Ascending Wedge, at a Resistance Zone.
- It bounced from the Top of the Wedge and now, it has potential to move down towards the Bottom of it and then, if it breaks it,there is potential to move down towards the Ascending Trendline at 1,3315.
We are looking for sell setups on lower timeframes.
MULTI TIMEFRAME VISION:
-Weekly
-Daily
Main Items we observe on the Chart:
- Price is on an Ascending Wedge, at a Resistance Zone.
- It bounced from the Top of the Wedge and now, it has potential to move down towards the Bottom of it and then, if it breaks it,there is potential to move down towards the Ascending Trendline at 1,3315.
We are looking for sell setups on lower timeframes.
MULTI TIMEFRAME VISION:
-Weekly
