turning point on usd cad

hey traders,
Interesting zone to watch on usdcad this evening.
Bullish breakout of this local resistance will be buying trigger for me and I will anticipate movement to 1.291
Remember that we don't buy immediately as the breakout occurs. It is crutial for market to close above structure.
OR
Bearish breakout of local ascending channel without violation of resistance will be selling signal.
and I would anticipate the market to retest the recent market low.

I will watch usdcad and let you know my next thoughts.
good luck.

Komentar:

bullish breakout

Komentar:

holding long