USD/CAD – The Fourth Pair on My Watchlist for Next Week

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USD/CAD – The Fourth Pair on My Watchlist for Next WeekUS Dollar vs CanadianPEPPERSTONE:USDCADShaboS**USD/CAD – The Fourth Pair on My Watchlist for Next Week πŸ“ˆ** In my previous posts, I covered **EUR/CAD, NZD/USD, and GBP/USD**. The fourth pair on my watchlist for next week is **USD/CAD**. The **DXY remains bullish**, while the **Canadian Dollar Futures (6C1!)** continue to show bearish strength. From an intermarket perspective, this supports a bullish outlook for USD/CAD. Price has been moving higher since last Monday and has already **broken market structure to the upside on the H1 timeframe**. Below the current price, **sell-side liquidity** is resting. Beneath that lies the **Optimal Trade Entry (OTE) zone (0.618–0.79 Fibonacci retracement)**, which aligns with a **Daily Fair Value Gap (D1 FVG)**, creating an interesting confluence area. My preferred scenario is a pullback on **Monday**, followed by the formation of the **Low of the Week** on **Tuesday or Wednesday**. If the market shows a bullish reaction from the OTE/D1 FVG area, a continuation to the upside becomes a realistic scenario. There are also **Equal Highs** resting above the market. While they represent a potential liquidity target, they are still a considerable distance away and are therefore more of a **long-term objective** than an immediate target. As always, I don't predict the marketβ€”I prepare for scenarios and wait for confirmation through price action before considering an entry. #Trading #Forex #USDCAD #DXY #ICT #PriceAction #Liquidity #SellSideLiquidity #OTE #FairValueGap #MarketStructure #SmartMoney #DayTrading