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USDCAD LONG

by Adrien S, August 1, 2021

USD/CAD H4 Price action

by Adrien Smajdor August 1, 2021

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USD/CAD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

Price action

Analysis:

We have switched to a bullish bias on Daily timeframe. On H4, we are testing the 200 EMA which matches with this big zone. If we break this descending trendline, I may look to buy until the previous high which corresponds to a daily zone.

Trade Plan:

BUY if conditions are met

Risk Management:

0.4%

Things To Watch For:

If we break this zone to the downside, I will wait to see if we switch to a bearish market

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