VasilyTrader

USDCAD: Multi Time Frame Analysis & Trading Plan

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

USDCAD reached a major 3 days/daily rising trend line.
this trend line matches with a horizontal daily/4H structure
and yesterday the price has been rejected multiple times confirming the strength of the demand area.

on 1H the price has formed a h&s pattern and now it is attempting to break above the neckline.

in case of a confirmed neckline breakout, we can buy aggressively or on retest aiming at higher structure levels.

next goals will be:
1.347
1.350


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