Good afternoon guys and girl, hope your all well.
Just a little update on USDCAD , I am still looking for a possible long trade on this pair, if I can get all my rules satisfied
Looking on the weekly Chart
You can see we have had a M formation pattern form, as you know from an M formation we expect the price to come test the neck line - highlighted with the black line
Looking at the daily chart
We can see price is starting to show us some bullish action - we have broken some previous structure and nice retest of this level and a candle confirmation reject will send me long with a nice risk to reward
I will keep you guys and girls updated
Just a little update on USDCAD , I am still looking for a possible long trade on this pair, if I can get all my rules satisfied
Looking on the weekly Chart
You can see we have had a M formation pattern form, as you know from an M formation we expect the price to come test the neck line - highlighted with the black line
Looking at the daily chart
We can see price is starting to show us some bullish action - we have broken some previous structure and nice retest of this level and a candle confirmation reject will send me long with a nice risk to reward
I will keep you guys and girls updated
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.