Considering USDCAD seem to find support in the Daily structure and it has huge 4 Hour divergence we can start waiting for a break to the top.
Currently i will stay neutral till i get the first breakout of the structure, when the correction come and we have a second breakout i will trade it. The potential is really big if it breaks to the top.
It still has a probability of breaking to the bottom, but the chance is small.
I will update the post if it breaks to the top, at the moment i just put an alert on.
Thank you!
Currently i will stay neutral till i get the first breakout of the structure, when the correction come and we have a second breakout i will trade it. The potential is really big if it breaks to the top.
It still has a probability of breaking to the bottom, but the chance is small.
I will update the post if it breaks to the top, at the moment i just put an alert on.
Thank you!
Comment:
It broke to the bottom, we never got the up movement. We will wait for retracement and short within next weeks. I will post the trade if i get it