Dantergy
Long

USDCAD Beat a strong Congestion and Resistance

FX:USDCAD   U.S. Dollar / Canadian Dollar
After USDCAD beat the congestion/resistance zone, it also beat a Daily bear trend line .
Now on 4H timeframe we got a Bullish Bias and we can place a new bull trend line .
The congestion formed before breaking the Bear trend line and resistance could be seen as a retest, but i missed the entry bar. So now i expect a retest on the following zones:
- On the EMA and Bull trend line because we have a price over extended, or/also
- On the congestion/resistance zone exceeded.

We can have a setup for the next week.
Trade active: As expected, The price retested the congestion/support zone and showed an anti climax and pressure zone setup.

thank you for taking the time to share your view, sharing is very important, i also put a lot of time to give the best content, i'm sure you would like it
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out