USDCAD: Your Trading Plan For Next Week Explained ๐บ๐ธ๐จ๐ฆ
https://www.tradingview.com/x/UAAEqXG8/
USDCAD nicely bounced from a key intraday structure support yesterday.
The price reached a resistance line of a falling parallel channel.
I believe that the pair has a nice growth potential.
To confirm that, I will be waiting for a bullish breakout
of a resistance line of the channel.
4H candle close above that will confirm a violation.
A bullish movement will be expected then at least to 1.373
Alternatively, a bearish breakout of the underlined support may push the prices lower.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
USDCAD nicely bounced from a key intraday structure support yesterday.
The price reached a resistance line of a falling parallel channel.
I believe that the pair has a nice growth potential.
To confirm that, I will be waiting for a bullish breakout
of a resistance line of the channel.
4H candle close above that will confirm a violation.
A bullish movement will be expected then at least to 1.373
Alternatively, a bearish breakout of the underlined support may push the prices lower.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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