As you can see the price of USD/CAD is trending between the 2 zones S/R zones (blue) and we are looking to catch a few pips on the lower timeframes (1H & 4H) before the price breaks out of the resistance zones of the Daily chart.
Note
stoploss hit, will be looking for short/long positions at the resistance zone
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.