USDCAD failed to break the up trend line the first time and it continued higher. The plan remains the same, I’m still following the trend line and anticipating the break. Opposite bollinger band on the daily chart has not been reached yet which gives us extra confirmation that we should see the pair moving south.
Technical Overview:
D1: 20+ candles ride
H1: up trend line
Entry:
H1: Wait for the break of the trend line and the most recent support zone (or last low) to go short with the momentum if present or alternatively wait for correction and enter on the correction.
Target 1: 1.2412
Target 2: 1.2336
Stop Loss: above the last high created before the break
Video Explanation:
Yours,
Vladimir
