USDCAD Multi Timeframe Analysis
Good afternoon guys and girl, hope your all well.
Just a little update on USDCAD , I am still looking for a possible long trade on this pair, if I can get all my rules satisfied
Looking on the weekly Chart
You can see we have had a M formation pattern form, as you know from an M formation we expect the price to come test the neck line - highlighted with the black line
Looking at the daily chart
We can see price is starting to show us some bullish action - we have broken some previous structure and nice retest of this level and a candle confirmation reject will send me long with a nice risk to reward
I will keep you guys and girls updated
Just a little update on USDCAD , I am still looking for a possible long trade on this pair, if I can get all my rules satisfied
Looking on the weekly Chart
You can see we have had a M formation pattern form, as you know from an M formation we expect the price to come test the neck line - highlighted with the black line
Looking at the daily chart
We can see price is starting to show us some bullish action - we have broken some previous structure and nice retest of this level and a candle confirmation reject will send me long with a nice risk to reward
I will keep you guys and girls updated
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