USDCAD Buying idea
As indicated by the drawings. There are some things we need to understand .
1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated .
2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged.
3. Observe a consolodation of different players in the market structure has been observed prior the break
4. What we expect next after an impulsive move is a corrective move.
5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.
1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated .
2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged.
3. Observe a consolodation of different players in the market structure has been observed prior the break
4. What we expect next after an impulsive move is a corrective move.
5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.
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