USDCAD, Bullish Potentials
Price reacted to the support structure in the bearish channel with rejections and some bullish momentum.
This gives us a descent trading range to go bullish in the descended structure.
Price could continue to move to the upside once a breakout above the current resistance is confirmed.
Expect some invalidation of the setup, should price continue to move to the downside and break current support levels.
Goal:
- Execution near support zone
- Invalidation 10 pips < Support
- Target at Current Resistance
This gives us a descent trading range to go bullish in the descended structure.
Price could continue to move to the upside once a breakout above the current resistance is confirmed.
Expect some invalidation of the setup, should price continue to move to the downside and break current support levels.
Goal:
- Execution near support zone
- Invalidation 10 pips < Support
- Target at Current Resistance
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.