USDCAD analysis - accumulation phase
This is my USDCAD 4H analysis. After a strong downtrend, the price broke the trend channel and shows some indecision, it is consolidating. As it broke the channel to the upside, the market is probably accumulating and preparing for a rally to distribution. Let us pay attention to price action so we can securely place our buy orders.
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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.