11.09.202411:38 Forex Analysis & Reviews: USD/CAD: outlook on September 11

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Monthly chart

On the four-hour chart, there is also a decline, which is supported by the presence of an order block with high momentum. What also confirms this area is the Inducement that precedes the order block, so the price may decline from the current level.

Points of interest (POI)

Sell from: 1.3565 (Current price)

TP 1: 1.3506 (Targeting the first imbalance)

TP 2: 1.3440 (Targeting the first structure) or you can target Daily ob at 1.32652 (will be a long-term trade)

Stop loss: 1.36190 (Above the previous High)

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