USD/CAD potential continuation of Bullish trend,
Weekly: Not forming the best structure currently. price has made a series of HH's but has now began to make a LH and potentially a second LH, however, this wont be confirmed until the LL has formed.
Pattern: Price is ascending with a positive trend line but would break if it pulls back and breaks structure on the weekly.
Assessment from the Weekly: although bullish due to not breaking the weekly structure, as price is currently making LH's an re-tracement is likely.
Daily: Keeping with the Bullish sentiment as price is still within the overall uptrend, due to not breaking swing low structure, Buy will be considered.
if price falls back to the 50% Fib level and shows bullish sentiment, Buys may be considered.
Pattern: Price is ascending with a positive trend line but would break if it pulls back and breaks structure on the weekly.
Assessment from the Weekly: although bullish due to not breaking the weekly structure, as price is currently making LH's an re-tracement is likely.
Daily: Keeping with the Bullish sentiment as price is still within the overall uptrend, due to not breaking swing low structure, Buy will be considered.
if price falls back to the 50% Fib level and shows bullish sentiment, Buys may be considered.