2h (edited) • General discussion
USD/CAD - Range.
USD/CAD on the higher time frame has taken the blueprint and is now mitigating. The range for USD/CAD right now is in this photo that I've just posted. It's been defined by sponsored candles and has definitely seen a break to the downside. So it's been finding price action in between those two levels at the moment. But at some point, there's going to be a breakout for this sell setup, likely later on in a week or two. In my opinion, we're buying all the way up to area of sponsored candles in the 71-78 area as part of the A1 setup, in order to take out the lower lows and the breaks on the current leg.
There's nothing wrong with taking a session's worth of pips. There's nothing wrong with just taking a swing trade for a couple of hours or so, either. When price is ranging like it has been, and not in a full bear or bull run, it's great to just take sessions and be on your merry way.
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USD/CAD - Range.
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