USDCAD - SPECULATION UNTIL CONFIRMATION.
Potential future moves. We sit neutral without a confirmation on either moves.
1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline (CMP) to our resistance line that has multiple wick rejections.
Keep in mind, price may consolidate a little at our current area before price action shows us who is in control.
2. Price will continue down to our support line / double bottom level, retest the neckline then continue a bearish trend.
Do not forget to take advantage of shorter timeframes to get a much more detailed view of the market.
This will allow you to spot the perfect entry using price action candlestick patterns at a targeted level and or area!
1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline (CMP) to our resistance line that has multiple wick rejections.
Keep in mind, price may consolidate a little at our current area before price action shows us who is in control.
2. Price will continue down to our support line / double bottom level, retest the neckline then continue a bearish trend.
Do not forget to take advantage of shorter timeframes to get a much more detailed view of the market.
This will allow you to spot the perfect entry using price action candlestick patterns at a targeted level and or area!