Possible Buy Opportunity on USDCAD
Looking at UsdCad, we could be seeing a potential buy setup forming. At the end of last week, price closed below the hourly horizontal level that is clearly identified. At market open, price had a bullish push past the level is currently pulling back to retest as support.
If price could present bullish rejection by wiping out the M15 horizontal level, that will identify a sign of strength for me. I'll be waiting for a break of this market structure before thinking of buy orders.
If price could present bullish rejection by wiping out the M15 horizontal level, that will identify a sign of strength for me. I'll be waiting for a break of this market structure before thinking of buy orders.
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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.