USD/CAD Weekly Outlook (1H Timeframe): Distribution Phase.
Wyckoff Distribution Phases
Phase A, B, C:
Wyckoff distribution phases indicate a potential reversal from an uptrend to a downtrend, especially with the UTAD (Upthrust After Distribution) marking exhaustion.
UTAD and UT:
These indicate the last buying attempts before the market turns bearish, potentially signaling short entries.
LPSY (Last Point of Supply):
Final points before the major price drop, leading to distribution completion.
Harmonic Pattern Analysis
Harmonic Pattern Completion:
Point D aligns with the 0.618 Fibonacci level, a potential reversal zone where bearish continuation could begin.
Fibonacci Confluence:
The harmonic pattern completes near the 0.618 retracement, signaling a reversal.
Elliott Wave Analysis
Wave Count (0-4):
A corrective structure completing the Wave C-Y count, indicating a potential bearish continuation.
Wave 5 Expectation:
The final move down after the distribution phase could complete the wave structure.
Smart Money Concepts (SMC)
BOS (Break of Structure):
An internal BOS signals a shift to the downside, with price retesting the LPSY zone for continuation.
POC (Point of Control):
A volume-heavy zone at 1.3538, likely to cause price reactions, confirming or rejecting bearish moves.
ICT (Inner Circle Trader Concepts)
Sell-Side & Buy-Side Liquidity:
The market grabbed sell-side liquidity after the distribution, and buy-side liquidity may be targeted near 1.3580 before reversing.
Key Levels to Watch
Resistance Line (1.3580):
A crucial reversal point aligning with the Wyckoff distribution and harmonic pattern completion.
Support Line (1.3419):
Potential downside target once the reversal happens, indicating the next major area of interest.
Invalidation Level (1.3660):
A move above this invalidates the bearish outlook and signals continuation of the uptrend.
Week Plan
Bearish Bias:
Post-UTAD, expecting price to hit 1.3580 and then reverse downward toward 1.3540 and 1.3419.
Elliott Wave Completion:
The corrective structure is expected to finalize with a bearish impulse.
SMC Focus:
Watch for liquidity grabs to trigger the move down.
Phase A, B, C:
Wyckoff distribution phases indicate a potential reversal from an uptrend to a downtrend, especially with the UTAD (Upthrust After Distribution) marking exhaustion.
UTAD and UT:
These indicate the last buying attempts before the market turns bearish, potentially signaling short entries.
LPSY (Last Point of Supply):
Final points before the major price drop, leading to distribution completion.
Harmonic Pattern Analysis
Harmonic Pattern Completion:
Point D aligns with the 0.618 Fibonacci level, a potential reversal zone where bearish continuation could begin.
Fibonacci Confluence:
The harmonic pattern completes near the 0.618 retracement, signaling a reversal.
Elliott Wave Analysis
Wave Count (0-4):
A corrective structure completing the Wave C-Y count, indicating a potential bearish continuation.
Wave 5 Expectation:
The final move down after the distribution phase could complete the wave structure.
Smart Money Concepts (SMC)
BOS (Break of Structure):
An internal BOS signals a shift to the downside, with price retesting the LPSY zone for continuation.
POC (Point of Control):
A volume-heavy zone at 1.3538, likely to cause price reactions, confirming or rejecting bearish moves.
ICT (Inner Circle Trader Concepts)
Sell-Side & Buy-Side Liquidity:
The market grabbed sell-side liquidity after the distribution, and buy-side liquidity may be targeted near 1.3580 before reversing.
Key Levels to Watch
Resistance Line (1.3580):
A crucial reversal point aligning with the Wyckoff distribution and harmonic pattern completion.
Support Line (1.3419):
Potential downside target once the reversal happens, indicating the next major area of interest.
Invalidation Level (1.3660):
A move above this invalidates the bearish outlook and signals continuation of the uptrend.
Week Plan
Bearish Bias:
Post-UTAD, expecting price to hit 1.3580 and then reverse downward toward 1.3540 and 1.3419.
Elliott Wave Completion:
The corrective structure is expected to finalize with a bearish impulse.
SMC Focus:
Watch for liquidity grabs to trigger the move down.
הערה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.