USDCAD looks as potentian pair for buy on 4h timeframe. From yesterday we can see how strong momentum was reached from dollar side. To decide where this will continue, we have to reache few resistance levels, so we can decide where to go next.
Price is caught is range from daily perioud. This is very interesting for all elite traders. You can practice, learn and apply custom indicator on this one.
At the moment usdcad is showing strong momentum on H4 and daily timframe, but because last daily candle was not so strong, means that we can move forward slowly. Buyers continuation. Hope you set your SL on BE below support level.
If you decide to entry again, then wait for reaction at support level, if price get ther, and continue so squared spot, which is first target. Second target is at daily range, but we'll see how this will go on after reaching first target.
Good trading
Elitefxacademy
Price is caught is range from daily perioud. This is very interesting for all elite traders. You can practice, learn and apply custom indicator on this one.
At the moment usdcad is showing strong momentum on H4 and daily timframe, but because last daily candle was not so strong, means that we can move forward slowly. Buyers continuation. Hope you set your SL on BE below support level.
If you decide to entry again, then wait for reaction at support level, if price get ther, and continue so squared spot, which is first target. Second target is at daily range, but we'll see how this will go on after reaching first target.
Good trading
Elitefxacademy