USDCAD, Breakout or fake fakeout?

מעודכן
USDCAD / 1D

Hello Traders, welcome back to another market breakdown.

The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.



If the pullback holds and buying confirms, the next leg higher could target:

First Resistance: Immediate levels formed during prior consolidation.


Stay disciplined, wait for the market to come to you, and trade with confidence!

Trade safely,
Trader Leo.
עסקה פעילה
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תמונת-בזק
CADChart PatternsForexHarmonic PatternsTrend AnalysisUSDUSDCAD

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