Hi everyone:
USDCAD is also showing strong bullish price action,
and we can expect some buy opportunities if continuations price formed.
We can see price has already pushed up from the reversal correction at the bottom of the descending channel.
Strong bullish push up from the price, naturally will need to correct before the resume of the next impulse phase.
We did see a continuation structure form, and a breakout from that correction.
So the confirmation now would be to wait for a LTF continuation correction to form and complete,
to give us the buy entry to the next highs.
Thank you
USDCAD is also showing strong bullish price action,
and we can expect some buy opportunities if continuations price formed.
We can see price has already pushed up from the reversal correction at the bottom of the descending channel.
Strong bullish push up from the price, naturally will need to correct before the resume of the next impulse phase.
We did see a continuation structure form, and a breakout from that correction.
So the confirmation now would be to wait for a LTF continuation correction to form and complete,
to give us the buy entry to the next highs.
Thank you
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Related publications
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.