USDCAD Price structure analysis (1H)
USDCAD Price structure analysis (1H). After a very strong move down I am looking for selling opportunities as price pulls back into the resistance zones market on the chart. There is also confluence with the 50% and 61.8 fib retracement levels. Wait for price action to confirm the reversal. On the 1 hour timeframe I remain bearish while price keeps trading below the 50 SMA.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
