- Price has been in a nice uptrend since 2nd october, and is just retesting the previous higher high.
- Price is also using the 50ema in the 1 hour as a dynamic support.
How I will enter:
I will be waiting for price to push a little bit lower and form wicked candles.
USDCAD is also approaching one of my resistance zones, if rejected price could potentially fall back down to the 1.32 - 1.18 region which will confirm this trade.