USDCAD AROUND A STRONG SUPPORT ZONE!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
USD/CAD BULLISH REVERSAL FORMED!
As we can see price is still overall bearish trading inside this falling channel
However, price is now around a strong support zone, so we will be looking for new longs.
And for the bulls to kick in we need a momentum candle close above our major swing high, in addition we need a break above our falling trendline before entry.
As shown in the projection on the chart.
Until that happens price is still overall bearish.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
USD/CAD BULLISH REVERSAL FORMED!
As we can see price is still overall bearish trading inside this falling channel
However, price is now around a strong support zone, so we will be looking for new longs.
And for the bulls to kick in we need a momentum candle close above our major swing high, in addition we need a break above our falling trendline before entry.
As shown in the projection on the chart.
Until that happens price is still overall bearish.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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