possible 1:6 risk reward on usdcad long setup daily timeframe
Short term sell to long term buy on USDCAD. Could bounce in the middle and not return to the 1 Hr order block at the bottom. Will look for lower time frame accumulation.
resets lower time frames, looks like possible rapid gain on cad
Price had a nice size bullish impulse, now we are looking for a retracement and a possible test of the previous high. I am expecting a retracement before it's next bullish impulse, ultimately creating a higher low. Price is also showing oversold on the 4 hour time frame. I am looking for price to also respect the trendline creating it's 4th touch. Like, Follow,...
buy @ 76.117
short @1.67415 - Nice opportunity to hop on the downtrend for trend following traders!