Analysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
The USDCAD might be providing a buy entry at previous structure support soon, we can wait for a reversal pattern like the double bottom on the lower time frame to use as a reason to get in a buy entry.
if the market doesn't provide a reason to get in buy at the first level, I will still be looking for a buy entry near trendline supports you can see on my chart, the same thing we can wait for the double bottom at trendline support that meets the rules before getting in a buy trade
Personally, i prefer to buy at the send place, but i will see what the market provides.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #USDCAD
The USDCAD might be providing a buy entry at previous structure support soon, we can wait for a reversal pattern like the double bottom on the lower time frame to use as a reason to get in a buy entry.
if the market doesn't provide a reason to get in buy at the first level, I will still be looking for a buy entry near trendline supports you can see on my chart, the same thing we can wait for the double bottom at trendline support that meets the rules before getting in a buy trade
Personally, i prefer to buy at the send place, but i will see what the market provides.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
