👁️ OUTLOOK
30m chart:
FOREX: USDCAD
30m: We are breaking bullish nicely and currently surfing the 10ema. I want to see a liquidation of lows and price to go sideways.. I also want to see price come back close to the 50ema during London session. And I want to see show strength again above the emas to then scale down to the 5m chart.
Bias: Bullish but want to see price come down and re-accumulate before looking for longs.
30m chart:
FOREX: USDCAD
30m: We are breaking bullish nicely and currently surfing the 10ema. I want to see a liquidation of lows and price to go sideways.. I also want to see price come back close to the 50ema during London session. And I want to see show strength again above the emas to then scale down to the 5m chart.
Bias: Bullish but want to see price come down and re-accumulate before looking for longs.
Comment:
The pullback we expected here on USDCAD, looking for price to start breaking bullish now that price pulled back into the 50 and 200ema.