💹 [USDCAD]
Outlook: Price has been breaking bullish on the 5hr time frame and we have 2 breaks of structure telling us price has been creating demand. Price can defiantly continue here. I personally wait for the 5hr to come back to the 10ema to show a re-accumulation and a valid correction then look inside my 30m and 5m to confirm so for me it needs time.
Bias: Bullish and can continue on the lower time frames but for me I want to see a correction back into the 10ema. Price seems a little over extended here on the 5hr.
Outlook: Price has been breaking bullish on the 5hr time frame and we have 2 breaks of structure telling us price has been creating demand. Price can defiantly continue here. I personally wait for the 5hr to come back to the 10ema to show a re-accumulation and a valid correction then look inside my 30m and 5m to confirm so for me it needs time.
Bias: Bullish and can continue on the lower time frames but for me I want to see a correction back into the 10ema. Price seems a little over extended here on the 5hr.
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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.