Roker1
Long

USDCAD doesn't know where to go

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hi traders,
this is a kind of an update of my previous USDCAD             post.
Now the situation is a little bit different but my overall analysis remain the same. Recently we broke to the upside a strong level of resistance (black line); as soon as the price come back to retest that level it turned to support; nevertheless price didn't make any higher close and so we can consider this as a little consolidation zone.
The daily vision though remain bullish (and with a possible long run ahead) and we can consider this blue zone as a good level to find bullish opportunities with a good risk to reward.
So we are now looking for some buying signals in 4hr and 1hr chart as double bottom or engulfing candles.
Let's see what happens.

If you want to share your vision, please comment.
Otherwise, see you in the next chart.
If you like my trading style and you want to support me, hit that thumbs up. I'd really appreciate that!
Se ti piace il mio stile e vuoi supportarmi, clicca il pollice in sù. Grazie!
Video analisi settimanale: https://youtu.be/mS-wS07jNQM
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out