USDCAD - SPOTTING A BUY OPPORTUNITY
The overall condition for this pair is bearish. However, we can go long only if we spot a shift in the market structure indicating a willingness to go long.
Looking closely at the chart, we would spot a short term low formed, in order to go long we'd have to wait for a break and retest of the old high @ 1.34432 then hunt buy opportunities on the lower timeframe.
1st Tp - Objective: 1.35538
2nd Tp Objective: 1.36441
Have a pipful week.
Looking closely at the chart, we would spot a short term low formed, in order to go long we'd have to wait for a break and retest of the old high @ 1.34432 then hunt buy opportunities on the lower timeframe.
1st Tp - Objective: 1.35538
2nd Tp Objective: 1.36441
Have a pipful week.
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