USDCAD 1D trendline & price action analysis
Price is retesting horizontal as well as ascending trend line support at same time. it can move up or down.
For confirm long entry price must give bullish engulfing or bullish pin bar on support zone.
For short entry it must break support zone and retest support zone as new resistance. price has potential to move down because macd4c showed divergence which indicate that bulls are loosing momentum. and bears are trying to control price movement.
For confirm long entry price must give bullish engulfing or bullish pin bar on support zone.
For short entry it must break support zone and retest support zone as new resistance. price has potential to move down because macd4c showed divergence which indicate that bulls are loosing momentum. and bears are trying to control price movement.