USDCAD ready for a bull run

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Based on the chart, after a strong sell pressure, price reached an area which a weakness on sellers is observable. On the other hand yesterday we saw a strong rejection of the price from the mentioned area which can be a good sign of huge demand at this price. So to wrap it up, based on these scenarios a good opportunity for buyers have been provided with a good risk/reward ratio and leads me to be buyer at this area.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.