FullTimeTrader
Long

USDCAD-fighting the 1.2500-bullish bat

FX:USDCAD   U.S. Dollar/Canadian Dollar
485 2 5
The price already touched the PRZ and reacted well forming a hammer .
Now is ranging below the 1.2500 level. May be its just a matter of time to break it, everything is looking good.
This setup will be valid as long as the hammer (terminal price bar) will hold.
Best regards.
Hi,

My analysis of USDCAD. hope it helps
snapshot


But, the W1 pin bar though. Caution.
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FullTimeTrader PriceActionTrading
We are at a clear range, so the bars on W1 charts are not relevant. Two weeks ago we had a hammer on W1 that failed. Many traders entered long but the price retraced ......
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