USDCAD Expecting this short term bull move up

Hello everyone:

As my bias on USD strength, so do I see opportunity here on USDCAD.

We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.

The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.

I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.

Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.

Thank you

評論:

評論:

Looking for this breakout from correction.