USDCAD is currently pushing price up to form an M reversal pattern near my zone. The first leg has already formed in 1HR and now the second leg of the pattern is forming. (Double top).
- price is also respecting the 50ema dynamic support in the 1HR time frame
How I will be entering:
- I will be waiting for this current bullish candle to close and possible wick...
Last week we saw a double bottom created on USDCAD 4 hour, with a decent outcome of the NFP last Friday it sent the Dollar flying against CAD. Clearly showing the double bottom pattern would have been perfect to buy once completed.