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marco_casario

USDCAD Structure + Double Bottom

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
marco_casario  
FX:USDCAD   U.S. Dollar / Canadian Dollar
structure-trade Double Bottom
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structure-trade doublebottom
USDCAD is using a strong structure as support and this morning has formed a Double Bottom.

We could see a consolidation waiting for the upcoming news on the USD this afternoon and then the market should take a direction.

Look left when you set your stop loss because there is a structure to consider (change to H4 timeframe)

If you want to be prudent you could wait a 2618 setup.

Good trade !
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