USDCAD Buying idea

As indicated by the drawings. There are some things we need to understand .

1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated .

2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged.

3. Observe a consolodation of different players in the market structure has been observed prior the break

4. What we expect next after an impulsive move is a corrective move.

5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.