USD/CAD
We have seen price bounce back from the 1.34530 area to 1.32831 where it meets previous support.
We also see a daily inside closure and further upside movement on the pair today.
Further confirmation of the following can be taken in to consideration also.
1 - Daily Inside bar closure above the previous day - shows us buyers are coming into the market further.
2 - Head and shoulders inverse completed on the daily also and can be seen.
3 - The pull back has already taken effect and now waiting for further price confirmation before seeing this pair hit its first TP which is aligned at 1.34530.
We have seen price bounce back from the 1.34530 area to 1.32831 where it meets previous support.
We also see a daily inside closure and further upside movement on the pair today.
Further confirmation of the following can be taken in to consideration also.
1 - Daily Inside bar closure above the previous day - shows us buyers are coming into the market further.
2 - Head and shoulders inverse completed on the daily also and can be seen.
3 - The pull back has already taken effect and now waiting for further price confirmation before seeing this pair hit its first TP which is aligned at 1.34530.
Comment:
Trade not triggered