USDCAD > Strong Structure Support for A Buy. Analysis on #US | tradiingaxis

USDCAD > Strong Structure Support for A Buy.


Analysis on #USDCAD

The market is inside a support zone \ demand zone right now which previously showed a strong buying desire

Plan:

>> If the market provided me a bullish confirmation on the 1-hour time frame I will then look to get in a buy entry with a good risk to read ratio

>> If the market fails to provide me a confirmation for entry and continued down and closes below 1.2600 then this idea is not valid anymore
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
https://www.tradingview.com/i/fKmV1T01/