USDCAD will break the resistance? 🦐

13 Nis 2021

USDCAD after the attempt to break the monthly support at the 1.24 level started an impulse to the upside.
The market reached the upper trendline of the descending channel and got rejected.
According to Plancton's strategy if the price will break above the daily resistance we can set a nice long order.
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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

13 Nis 2021

Not

perfect trendline hold

14 Nis 2021

Not

price consolidation over the support