USDCAD Broke out of a major zone @1.39531 retested it and at the moment forming a double bottom around the zone. This point looks good for an entry, however, I will rather wait for price to break out of the double bottom neckline (to allow for a break in pattern of the lower lows and lower highs seen on H4) and its retest before going long.
Waiting is the name of the game! Fingers crossed and eyes on the ball
Past results does not guarantee future results, employ proper risk management on all your trades and do your analysis
#USDCAD
Trade active
Took a long time before breaking out and eventually coming back for the retest. Market is on its way and targeting 1.41368 area as the first Take Profit target. Trail your stops for more locked in profits
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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.