USDCAD 30min Analysis December 28th, 2020
We can see price is starting to form a double bottom at our key structure zone. For us to look long we need to see price break out of the resistance trend line and above the 30min 200MA around 1.2860. We will then look for a retest and a clear HL to form above 1.2860. Enter on bullish engulfing/variations.
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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.