H4 Timeframe
Bullish structure being presented, price creating higher highs and higher lows. Price recently retested the previous low which is now acting as support creating a double bottom. We have approached a high value key level. If price can break above then I will expect a continuation up to 1.28400
M15 Timeframe
If price can break out of the immediate high then we should get the momentum from the HTF to set us up for a nice risk/ reward trade.
Plan of Action
I will be waiting for price to break above the immediate high and then look for a continuation up to 1.28400
USDCAD
Bullish structure being presented, price creating higher highs and higher lows. Price recently retested the previous low which is now acting as support creating a double bottom. We have approached a high value key level. If price can break above then I will expect a continuation up to 1.28400
M15 Timeframe
If price can break out of the immediate high then we should get the momentum from the HTF to set us up for a nice risk/ reward trade.
Plan of Action
I will be waiting for price to break above the immediate high and then look for a continuation up to 1.28400
USDCAD
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