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USDCAD Trade Idea

Panjang
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FX:USDCAD   Dolar A.S. / Dolar Kanada
- Currently in a downtrend, nearing a strong, reliable and longer term demand zone -
this suggests a high possibility of a bounce and a move to the upside.

- Many indecision candles on the lower time frames, with some heavy bullish momentum.

- Currently creating a HIGHER LOW

- Price looks exhausted and bullish candlesticks are forming, which indicates to me
a move to the upside.
Dagangan ditutup: hentian tercapai:
Price is still following the pattern that I thought it would take, I believe I just got into this trade too early...

Price bounced off the trend line and pushed back down to the lower demand zone, as expected. I think price will now move to the upside, break trend and start a bullish run from here!
Penafian

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