With a bounce from the Daily and 4hr Demand Zones, I'm expecting
USDCAD
to move higher into the 1.3200 region where our Weekly Supply zone is located. Price action is showing clear signs of bullish momentum with HH and HL being created along with a 3rd bullish trendline touch on the 4hr. Simple 1:2 trade with an entry after the bullish engulfing candle on 4hr.
USDCAD
to move higher into the 1.3200 region where our Weekly Supply zone is located. Price action is showing clear signs of bullish momentum with HH and HL being created along with a 3rd bullish trendline touch on the 4hr. Simple 1:2 trade with an entry after the bullish engulfing candle on 4hr.
Trade closed: target reached:
Our Take Profit was hit to the T. Simple, straight forward trade!