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JeffersonTrades
Jan 27, 2022 3:47 PM

Analysis Review Long

U.S. Dollar/Canadian DollarFXCM

Description

On Monday I analyzed and decided it would be best to wait for reaction above or below region A or B as marked on the charts, and truly, it was the best decision I made on USD/CAD why enter a trade when you can wait for confirmation before doing so?

We saw a break and retest above structural level A as marked on the chart which indicated strength in the pair thereby giving way for comfortable buy entries.

Take your time to compare Before and after shots to better appreciate this approach.

Thank you!
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