USDCAD OUTLOOK
Price trading inside bullish channel and has rejected the upper order block and resistance.
It might potentially retest the previous key order block where it rejected again.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:3.
Price trading inside bullish channel and has rejected the upper order block and resistance.
It might potentially retest the previous key order block where it rejected again.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:3.