HomeContributorsTechnical AnalysisUSD/CAD Bounce From The POC Zone Might Happen Soon

USD/CAD Bounce From The POC Zone Might Happen Soon

The USD/CAD has reached the POC zone that stands around 4/8 MM and we might see a bounce soon. Pinbar points to now moment buyers.

When now moment buyers are aligned with historical buyers that stacks more odds into our favour when we make a trade. At this point, 1.3295-3305 should provide the bounce based on historical vs now moment buyers, order block and 4/8 MM confluence. The pair has formed a dragon-like pattern so watch for a bounce. Targets are 1.3366 and 1.3397. Above 1.3400 the doors is open towards 1.3427.

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admiralhttps://www.elitecurrensea.com/
Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

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