Weekly Outlook USDCAD[2021-10-08]
Recap: 
USDCAD made some strong strides down, while ending with strong bearish candles this Friday. It should be expected to continue next week possibly starting off with a retrace and possible retouch and continuation.
Strategy:
Red: If price decides to not continue, but rather make another strong bearish run. Then I will wait for a pull back or for price to create new structure and a continuation pattern for me to enter(Bearish engulfing or morning star)
Blue: If price has a pull back and possibly hits the retest level. Then I will enter with a continuation pattern(Bearish engulfing and evening star)
White: If price breaks LH and goes into buy zone. Then I will be looking for bullish engulfing and morning star pattern to enter either on retest level of broken LH or newly created structure
*Always Risk 1% per trade and remember to be patient. Trust the process, trust your strategy FX:USDJPY and trust yourself
USDCAD made some strong strides down, while ending with strong bearish candles this Friday. It should be expected to continue next week possibly starting off with a retrace and possible retouch and continuation.Strategy:
Red: If price decides to not continue, but rather make another strong bearish run. Then I will wait for a pull back or for price to create new structure and a continuation pattern for me to enter(Bearish engulfing or morning star)
Blue: If price has a pull back and possibly hits the retest level. Then I will enter with a continuation pattern(Bearish engulfing and evening star)
White: If price breaks LH and goes into buy zone. Then I will be looking for bullish engulfing and morning star pattern to enter either on retest level of broken LH or newly created structure
*Always Risk 1% per trade and remember to be patient. Trust the process, trust your strategy FX:USDJPY and trust yourself
Feragatname
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