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Countertrend

USDCAD - Bullish Countertrend Opportunity (Relief not Reversal)USDCAD was our big winner from last week & now I'm looking for a potential move in the opposite direction as we approach a key level of structure on the higher timeframes. This is a countertrend opportunity which means I'm NOT looking for a full reversal, rather only an opportunity to catch some relief back to the previous level of structure support. Currently the market has given us tweezer bottoms which is a good sign for a potential hold, a higher high, higher close would be enough for me at this level to signal a buy (assuming the risk to reward ratio makes sense). *Not noted, but one of our live room members has been sharing with us his Inside Bar strategy (inside bars are noted with yellow triangles) this would already have been an aggressive entry for him) Akil
Long
by Akil_Stokes