USDCAD LONG

Weekly:
- Bullish M's
- Bullish driver
- Bearish candle close

*IC level is still respected

Daily:
- Bullish
- Inv H&S + Bullish M
- Impulsive retracement not a problem
- Ascending trendline
- S&D zone is shoulder one zone

*possible FO scenario of the bullish M


4H:
- Bullish
- Bullish M
- Waiting on decel or small pattern
- 3rd touch ascending trend line

Bình luận:

Limit is removed:
- H&S with FO in the head and FO of the new possible high
- Rejected under the daily IC of the Bullish M
- Weekly selling zone was touched
- Previous week IC (weekly) was tested but bears took controle

- To many disadvantage with weekly selling zone, weekly candle, daily closing under IC, 4H Inv H&S with FO's
- Trade can play out but want to see a bullish candle close to be sure that sellers are not fully in controle