jojofang0901

USDCAD Expecting this short term bull move up

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jojofang0901 Atualizado   
OANDA:USDCAD   Dólar Americano/Dólar Canadense
Hello everyone:

As my bias on USD strength, so do I see opportunity here on USDCAD.

We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.

The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.

I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.

Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.

Thank you

Comentário:
Comentário:
Looking for this breakout from correction.

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