here on USDCAD we've just completed a formation on the 4hr timeframe. Obviously this D point lies right at the daily structure zone that you can see looking left. Now, given the circumstances i didn't take this trade yet but i'm waiting some kind of confirmations on the lower timeframe (hourly) or in this timeframe in form of a or something like that. is already in overbought condition so i think the clues are all there. We just miss the entry trigger. Let's see, keep you updated!
If you have questions/ideas, feel free to share.
Otherwise, see you in the next chart!
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM
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My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw