USDCAD POTENTIAL REVERSAL FOR A NEW HEALTHY UPTREND
USDCAD make a break of structure for a new higher high.
At this moment, we remark the price is retracing finding the FVG (Buy area) to continue his uptrend.
I draw a potential area of FVG where the price can possibly bounce up for sure for a new higher high may be or 30-50 pips up.
The red line I draw is the area of CHOCH. In case the price break it, we will see a new trend of the price to the downside.
Good luck!
At this moment, we remark the price is retracing finding the FVG (Buy area) to continue his uptrend.
I draw a potential area of FVG where the price can possibly bounce up for sure for a new higher high may be or 30-50 pips up.
The red line I draw is the area of CHOCH. In case the price break it, we will see a new trend of the price to the downside.
Good luck!
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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.
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.