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jetnolee

USDCAD analysis

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
jetnolee  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
The market closed at the horizontal support which is a key zone, we wait for the breakout of the horizontal support to go short term. There is a gap/IPA below the horizontal zone that still needs to be balanced; that could serve as our TP. If there is no breakout of the horizontal support, we wait for the breakout of the trendline resistance, we wait for a retest on the trendline (to be sure it’s not a false breakout) and go bullish.
Wait for 4hr candle closure after breakout to validate entry.
Please like and comment,I’m open for corrections
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