USDCAD VERY BEAUTIFUL SETUP :)
THIS IS VERY SIMILAR TO MY RECENT EURUSD TRADE SETUP. NICE DEFINE STOP, WITH CLEAR TARGET AT THE TOP WHERE STRUCTURE HAS FAILED TO BREAK THROUGH TWICE. I'M MORE CONFIDENT OF THIS PAIR BREAKING STRUCTURE AFTER A SHORT PULLBACK BECAUSE OF THE PREVIOUS PRICE ACTION. WE HAD 3 LOWER LOWS (LL) AND NOW A HIGHER HIGH (HH). EVEN WITH THE LOWER LOWS, THE STRENGTH OF THE BULLS WERE PHENOMENAL, KEEPING THE BEARS ABOVE OUR NOW ENTRY LEVEL DENOTED BY THE RED RECTANGLE. I BELIEVE ANY MOVE UPWARD WILL BE A STRONG MOVE. SO IT IS NOT IMPOSSIBLE FOR US TO SEE 1.348 FOR A NEW HIGHER HIGH.
AS ALWAYS, TELL ME WHAT YOU THINK JUST IN CASE I MIGHT HAVE MISSED OUT ON SOMETHING.
HAVE A SUCCESSFUL DAY! CHEERS!
AS ALWAYS, TELL ME WHAT YOU THINK JUST IN CASE I MIGHT HAVE MISSED OUT ON SOMETHING.
HAVE A SUCCESSFUL DAY! CHEERS!
Related publications
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.