USDCAD H4 View - Trend line retest
1. H4 still Bearish Bias
2. Trend lines applied and looking at a retest either of the two for break or bounce. 3rd touch.
3. Channel of Swing highs and lows marked with the lows and highs circled.
4.. We can see the blue rectangle as a ranging area of 150-170 pips over last 2 weeks.
5. Turquoise line shows wicks cannot sustain close on multiple occasions, potential for Bulls!
6. Consolidation indicating we could see a major push in movement once broken.
2. Trend lines applied and looking at a retest either of the two for break or bounce. 3rd touch.
3. Channel of Swing highs and lows marked with the lows and highs circled.
4.. We can see the blue rectangle as a ranging area of 150-170 pips over last 2 weeks.
5. Turquoise line shows wicks cannot sustain close on multiple occasions, potential for Bulls!
6. Consolidation indicating we could see a major push in movement once broken.
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