USDCAD Buy Idea, Bullish reversal?
Strong bearish rally makes this reversal unlikely. However, the opportunity is still out there. There are several confluences that give me this idea.
1 - Many buyers in this region according to volume profile.
2 - Fib 32.8%, at this region of support.
3 - It is a former support level.
Price could still keep pushing down however, be aware of that.
1 - Many buyers in this region according to volume profile.
2 - Fib 32.8%, at this region of support.
3 - It is a former support level.
Price could still keep pushing down however, be aware of that.