USDCAD Analysis (22nd April 2024)

22 Apr

USDCAD Analysis

On the Weekly Timeframe, price has created a weekly BULLISH Fair Value Gap which haven't been tapped into just yet. So what i am expecting for price to into the FVG before showing signs of strength for this pair.

On the 4 hour timeframe, we do have a bullish Unmitigated Orderblock that lines up nicely with the weekly Fair Value gap, making this a good Point of Interest for us to look for buys from.

Ideally, i want to see price action pull back into the 4 hour bullish orderblock, before creating a 15 minute Bullish Change of Character to confirm that the lower timeframe is aligned with the higher timeframe bullishness.