USDCAD BUY TO SELL TRADE WITH TREND
USDCAD has been on a downtrend on higher timeframes.
Current market structure appears to be finally moving to the upside. 1 Hour has stopped making a new low and has broke structure to the upside. Lower timeframes are in a countertrend moving towards our buy position.
If price breaks below current low, trades cancelled and we wait for next opportunity.
Higher timeframes bearish
Lower timeframes bullish
Buy to Sell, trade with the trend.
Current market structure appears to be finally moving to the upside. 1 Hour has stopped making a new low and has broke structure to the upside. Lower timeframes are in a countertrend moving towards our buy position.
If price breaks below current low, trades cancelled and we wait for next opportunity.
Higher timeframes bearish
Lower timeframes bullish
Buy to Sell, trade with the trend.
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.