USDCAD [Potential reversal]
USDCAD is the best look chart to trade in terms of structure compare to all other USD pairs.
Recent price has broken a strong downtrend structure showing reversal patterns.
I would like to see a double bottom been form, will wait and see the reaction at the support zone.
I would personally set to trades for this setup because it has potential reversal back to the lower high structure created on Friday NFP.
Recent price has broken a strong downtrend structure showing reversal patterns.
I would like to see a double bottom been form, will wait and see the reaction at the support zone.
I would personally set to trades for this setup because it has potential reversal back to the lower high structure created on Friday NFP.
Disclaimer
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.