USDCAD D1 Potential long setup

14 ביוני 2021

Last week we have seen the recent lower timeframe (H1, H4) resistance broken, and we are awaiting for price to build a flag/pennant pattern in that timeframe to confirm long opportunity. Price also has arrived to daily's bottom, making it a potential double bottom setup on D1 timeframe.

This setup would have RRR 2:1 for TP1 and 3.5:1 for TP2.