Long

USDCAD - Structure Based Reversal Trade

After a nice bearish breakout throughout the week, we're now looking for some relief on the USDCAD. As price continues to dive down to a previous level of structure support, we'd expect the selling pressure to dry up & the buying pressure to pick up, leading for a nice potential buying opportunity.

If you have any questions or comments please leave them below.

Your Trading Coach - Akil

Akil_Stokes

"The Trading Coach Podcast" - New Episodes Daily Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast

NEW Daily Trading Videos Available on My YouTube Channel - youtube.com/akilstokes

Also on:

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.