#USDCAD is trading in a bullish trend from the beginning of June.
1.28 is a current local structure high.
From that the price retraced.
Currently, the market is standing around a previous daily high level.
Being a strong demand zone, I am looking for trend-following opportunities from there.
For now, on a daily time frame, I see a nice sequence of dodji candles.
As we know, being formed on a key level it leaves a strong bullish clue.
✅My confirmation to buy will be a breakout of a 4H horizontal decision range.
For now, the price perfectly trades within that and it signifies local indecision.
4H candle close above its resistance will be the trigger.
❗️In case of a bearish breakout of the range,setup will be invalid
1.28 is a current local structure high.
From that the price retraced.
Currently, the market is standing around a previous daily high level.
Being a strong demand zone, I am looking for trend-following opportunities from there.
For now, on a daily time frame, I see a nice sequence of dodji candles.
As we know, being formed on a key level it leaves a strong bullish clue.
✅My confirmation to buy will be a breakout of a 4H horizontal decision range.
For now, the price perfectly trades within that and it signifies local indecision.
4H candle close above its resistance will be the trigger.
❗️In case of a bearish breakout of the range,setup will be invalid
