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USDCAD buy setup.

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Hi traders,

Keep an eye on this one. This could be a good setup. Price could go to downside, but I think downside is over, and upside is more likely. With a robust trading strategy you won't have a problem finding the entry regardless of which direction it breaks anyway.

Best regards,
Tom_Killick

注释

The pair is showing continued strength towards top of structure. Will the pair break structure and go to upside? Or will price bounce off the structure as resistance and trade lower? I guess we will all soon find out.

注释

Price has recently broken out of structure, use your strategy to find the right buy setup!

注释

Price opened below the previous day's range suggesting there may be a bearish kicker, but the pair has managed to find momentum and now the bulls have managed to engulf the previous days range despite the gap down! This is extremely bullish, and it's a good opportunity to watch for a buy.