Breakout and reversal on USDCAD
This is the hourly chart on USDCAD.
Here we can see that price broke outside of this H1 trend and if it goes above 1,2137 we will have a reversal.
This will confirm an upside direction and market reaching 1,2240.
At the same time we have a reversal candle on a Daily chart which also confirms this direction.
On a Monthly chart you can see that price is currently bouncing of a serious support.
Here we can see that price broke outside of this H1 trend and if it goes above 1,2137 we will have a reversal.
This will confirm an upside direction and market reaching 1,2240.
At the same time we have a reversal candle on a Daily chart which also confirms this direction.
On a Monthly chart you can see that price is currently bouncing of a serious support.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
