USDCAD - Break of structure
Price is at weekly timeframe support, in daily timeframe it just created a new higher Low and also it almost break through the downward trend line
There is a chance that the market will create a new higher high
Might want to wait for a confirmation that the price break and close above 1.26560 or set a limit order at 1.26565
Break of structure: double bottom, head and shoulder, new higher high higher low
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
There is a chance that the market will create a new higher high
Might want to wait for a confirmation that the price break and close above 1.26560 or set a limit order at 1.26565
Break of structure: double bottom, head and shoulder, new higher high higher low
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Comment:
Price went lower, break of structure didn't occur
Order cancelled