Recent market structure on the daily charts show that UsdCad has been impressively bullish over the last few months. Buyers have been showing their participation and I plan on capturing a potential bullish rally.
Scoping down to the H4 charts, price has pulled back to an interesting pivot point. This area not only includes 2 Non-Horizontal Support Levels, but also a Significant Horizontal Level.
The confluence on this setup is very apparent, now just waiting on some bullish rejection. Just some strong H4 candle closures will validate that the buyers have stepped in.
Scoping down to the H4 charts, price has pulled back to an interesting pivot point. This area not only includes 2 Non-Horizontal Support Levels, but also a Significant Horizontal Level.
The confluence on this setup is very apparent, now just waiting on some bullish rejection. Just some strong H4 candle closures will validate that the buyers have stepped in.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.