USDCAD Expecting this short term bull move up
Updated
Hello everyone:
As my bias on USD strength, so do I see opportunity here on USDCAD.
We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.
The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.
I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.
Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.
Thank you
As my bias on USD strength, so do I see opportunity here on USDCAD.
We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.
The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.
I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.
Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.
Thank you
Comment
Comment
Looking for this breakout from correction.
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