USDCAD 8/19/19 4hr TF
USDCAD 8/19/19
LONG IDEA
4hr TF
Usdcad is once again testing this resistance level at 1.333. We are going to stick with the trend on this one and look for a break and retest. Only look for long positions after this level is clearly broken. We will look to target the 1.363 area
**Ideally we would like to see a retrace followed by a bullish engulfing candle
If price action fails to push higher we will wait as this pattern continues to develop.
For us to consider short positions we will need to see a break of the 1.326 ATLEAST.
If we see 1.326 & 1.3200 broken we can target lower toward 1.31
LONG IDEA
4hr TF
Usdcad is once again testing this resistance level at 1.333. We are going to stick with the trend on this one and look for a break and retest. Only look for long positions after this level is clearly broken. We will look to target the 1.363 area
**Ideally we would like to see a retrace followed by a bullish engulfing candle
If price action fails to push higher we will wait as this pattern continues to develop.
For us to consider short positions we will need to see a break of the 1.326 ATLEAST.
If we see 1.326 & 1.3200 broken we can target lower toward 1.31
Penafian
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