USDCAD - At support area, trade entry developing

1M: Down trend beginning with 1/2016 strong reversal. Strong September bullish pinbar off of support followed by a strong bullish candle. Even though the Oct candle on it's own is a strong bullish candle, it is a little less bullish because it didn't surpass 7/2017's opening. However, still Sept pinbar and Oct combine indicate's potential for bullish swing. Those candles may have been the end of the bullish swing since price has not been able to gain any footing at all above Oct's close.

1M chart is interesting, but doesn't provide actionable information. I use it to provide a little big picture perspective.

1W: Substantial bearish price action. Last week closed very bearish. Indicates likelihood of further price pressure.

1D:
It's at a strong support area (multiple bottoms). The question is will it stay in range trading or break through an make a leg down?


1H:

I have ran out of time to complete this entry. Bottom line, expect the trade direction to be determined relatively soon. I am more geared for a short entry, but if resistance zones don't hold, the trade could go in the other direction. Let the market decide the direction.