Hello friends! I am looking at USDCAD today. The market structure still presents us with a valid uptrend. Price broke out of the H4 PL 1.21150 and created a new higher low, which shows price currently respecting market structure for me and my Daily trendline has been respected. I am currently waiting for price to come back into structure 1.21150 , with the bulls' momentum for me to capitalise on a possible long to 1.25776.
Remember to always have a positive R:R and risk 1% of your account on a single trade.
Protect your equity.
Remember to always have a positive R:R and risk 1% of your account on a single trade.
Protect your equity.
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.