USDCAD is approaching a decent demand zone on a daily chart.
On 4H chart the market is coiling inside a falling wedge pattern.
During Friday trading day bears were trying to continue lower,
however, were rejected by the strong pressure of bulls.
my plan is to wait and buy for a bullish breakout of a wedge.
if bulls break above it, there will be a high chance to see a continuation to 1.32 level.
good luck!
Note
bounce
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.