Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
USD/CAD What's next!
As we mentioned previously in the analysis attached on the chart!
We were waiting for the price to be approaching our support zone, where we will be looking for new bullish movements.
And as we can see price is still overall bearish making clean new lows,
However, for the bulls to kick in again we need a break above the marked major swing high, then a movement higher would be expected.
And as usual 1-2 Risk To reward Ratio from a risk management perspective.
Until that price is still overall bearish and price can still dive more lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!