Buy option 1: 1st Buy option is on the current support level Buy option 2: 2nd Buy option is on the lower support level if we break the current support.
Bullish market overall, we retested the 1 hour support, a buy into the previous resistance and looking for more buy once we break the resistance into the bigger 1 hour resistance
Bullish flag formed buy hold and make some money
Update on previous analysis on USDCAD, short still in the picture, H&S formed
Both scenarios are feasible, depends on which direction the market will generally move toward upon reaching the dynamic support
My execution will be based on price reaching previous high - if we go above previous high it will be a Higher High so I will buy, if we reject go down I will sell to create Lower low
Different ideas on oil based on different possible outcomes, either way execution will be based on the confirmation given
SHort for now SL above previous high awaiting long position confirmation then all the way to the top
Like everything in life I will be patient with my setup as I expect a short(massive short)