FX:USDCAD   U.S. Dollar / Canadian Dollar
Hi all,

After reviewing the close of yesterdays daily candle, i am feeling very bullish with USDCAD for many reasons:

- Firstly we have a bullish engulfing candle
- Secondly, the price failed to close below the previous lows (daily level -15/12/20), potentially trapping any shorts.

Therefore if we look for an entry on the H1 we can see some structure that we can trade off.

We have the 61.8% retracement , a nice flip point of support and resistance and its at the daily ATR.

I have similar set up on the GBPUSD on this.
Comment: This trade was pulled as price already rejected near this level, therefore no trade
Order cancelled

Comments

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