Hello Guys, before the price of USDCAD had made the double bottom which the price got rejected from that area untill make the "CHOCH" (change of the charecter) based on smart money concept it is mean the price ptentially will change the direction of trend, from the bearish to bullish.
The last candle in 1 h timeframe shown the red as a corrective after getting the impulse and reach made the higher high.
so what next move ?
guys, if we look to the awesome oscilator, its look clear that the volume is above 0 % that sign for us that we are in bullish situation right now, regarding that we can focus to take BUY position.
where the entry ?
The corrective structure of the price is still on going and it will continue to complete until reach the nearest supply and demand.
if we look to the right side we can get the price just broke the supply and demanf area around 1.35699-1.35565 and made "CHOCH" after get the higher high then the price will pullback to that supply and demand again to retest. then we can put BUY position at that zone when it pullback.
The last candle in 1 h timeframe shown the red as a corrective after getting the impulse and reach made the higher high.
so what next move ?
guys, if we look to the awesome oscilator, its look clear that the volume is above 0 % that sign for us that we are in bullish situation right now, regarding that we can focus to take BUY position.
where the entry ?
The corrective structure of the price is still on going and it will continue to complete until reach the nearest supply and demand.
if we look to the right side we can get the price just broke the supply and demanf area around 1.35699-1.35565 and made "CHOCH" after get the higher high then the price will pullback to that supply and demand again to retest. then we can put BUY position at that zone when it pullback.