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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.