jojofang0901

USDCAD Continued Higher, More Chance To Buy ?

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

Hello everyone:

Nice to see USDCAD has play out perfectly on the higher time frame and lower time frame to continue its bullish price action.

Starting from the higher time frame,

We can see price has formed a larger continuation flag structure, with a clean double bottoms, and price indeed pushed higher.

On the lower time frame now,
we also see an impulse phase follow by a continuation correction, with a lower time frame double bottoms the impulse the price up.

Now that we see price is at the top of the continuation structure, it be good idea to wait and see if the price can form another lower time frame correction here, to confirm more upside potential.

Wait for the confirmation of a bullish continuation correction on the lower time frame, and look for more buying opportunities to the next highs.

Thank you

Be careful of Scammers impersonating me (Jojo), my community/channel/platforms (Aeris Trading) to scam you.
I will NEVER message you first on my offical platforms to SELL you anything.
Telegram: https://bit.ly/3kllWnV
Workshop: https://bit.ly/3zpZ2BL
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.