On last friday price breaks resistance level and now price makes a pullback
On lower timeframe there is no momentum to the downside so buying position is active
We can buy now USDCAD and aim for descending trendline, if price makes a reversal pattern then close long position and open short position
If price continues going up we can hold position and aim for ascending trendline for third touch
Stop is below breaking candle
On lower timeframe there is no momentum to the downside so buying position is active
We can buy now USDCAD and aim for descending trendline, if price makes a reversal pattern then close long position and open short position
If price continues going up we can hold position and aim for ascending trendline for third touch
Stop is below breaking candle