USDCAD Trading Plan: Demand Zone

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!

Yorum:

bounce