USD/CAD potential Buy and Sell options depending on price action
Weekly: ascending channel, 2 weeks of low volume Bullish. Price has moved up from the base of the channel.
Daily: Multiple wick rejections, with price moving up. price has pulled back from the 1.26000 level and is retracing on the Daily.
Daily may have made the HH but until the LL is identified and takes the CHoCH it is unclear of price will move up.
4H is moving Bullish, breaking the 4H CHoCH forming structure in the process. price is currently retracing.
If price move back up past the 4H CHoCH the retests, possible entry.
If Price moves lower and breaks the 4H CHoCH possible sell option.
Daily: Multiple wick rejections, with price moving up. price has pulled back from the 1.26000 level and is retracing on the Daily.
Daily may have made the HH but until the LL is identified and takes the CHoCH it is unclear of price will move up.
4H is moving Bullish, breaking the 4H CHoCH forming structure in the process. price is currently retracing.
If price move back up past the 4H CHoCH the retests, possible entry.
If Price moves lower and breaks the 4H CHoCH possible sell option.