USDCAD Week of 8/5
NFP didn't bring us much major volatility.
Structure on our daily timeframe still being maintained around the key level 1.3000. Higher low looks to be taking formation, Still showing sellers exhaustion on 3rd tap of trendline. MA's starting to flatten out.
H4-
This is our M15 chart, if we can get a clean break and retest of our descending trendline at market open then we're open game for long positions. With that overall 1.3200 key level being our major swing TP....Yes, we are on the M15 making this determination. BUT. Remember where you're at on the BIGGER TIMEFRAMES. Always keep that in mind.
Structure on our daily timeframe still being maintained around the key level 1.3000. Higher low looks to be taking formation, Still showing sellers exhaustion on 3rd tap of trendline. MA's starting to flatten out.
H4-
This is our M15 chart, if we can get a clean break and retest of our descending trendline at market open then we're open game for long positions. With that overall 1.3200 key level being our major swing TP....Yes, we are on the M15 making this determination. BUT. Remember where you're at on the BIGGER TIMEFRAMES. Always keep that in mind.
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