Very strong Supply Zone to watch on The USD CAD pair
as you can see the market is trending up following a bullish trend line, buyers are going to be challenged at the supply zone .
I mentioned the bullish trend line and the supply zone as important levels that can give a clue what the market is going to do.
the best entry setups that aim waiting for are the following :
1-A pin bar rejected from the supply which will indicate a sell signal
2- strong breakout of the bullish trend line which also indicates a change of momentum and sellers are going to take control
3- If the market keeps going up and breaks out of the supply zone, i'll wait for a pullback and then take a long decision.
What do you think guys, let's share your ideas below
I mentioned the bullish trend line and the supply zone as important levels that can give a clue what the market is going to do.
the best entry setups that aim waiting for are the following :
1-A pin bar rejected from the supply which will indicate a sell signal
2- strong breakout of the bullish trend line which also indicates a change of momentum and sellers are going to take control
3- If the market keeps going up and breaks out of the supply zone, i'll wait for a pullback and then take a long decision.
What do you think guys, let's share your ideas below