USDCAD Continued Higher, More Chance To Buy ?

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

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