Digital-nomad

Very strong Supply Zone to watch on The USD CAD pair

OANDA:USDCAD   Dollar Américain / Dollar Canadien
as you can see the market is trending up following a bullish trend line, buyers are going to be challenged at the supply zone .

I mentioned the bullish trend line and the supply zone as important levels that can give a clue what the market is going to do.

the best entry setups that aim waiting for are the following :

1-A pin bar rejected from the supply which will indicate a sell signal

2- strong breakout of the bullish trend line which also indicates a change of momentum and sellers are going to take control

3- If the market keeps going up and breaks out of the supply zone, i'll wait for a pullback and then take a long decision.

What do you think guys, let's share your ideas below
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.