USDCAD H4 Neutral: Await breakout or fakeout confirmation

2020-02-04 02:03:59

USDCAD H4 Await breakout or fakeout confirmation:
> Possibly a breakout of the descending channel.
> Will need to wait to see if it a breakout or a fakeout.
> Will wait for a test of the resistance, if we bounce we can look for sells, if we break we can look to buy.
> Need to wait for the price action to take place as confirmation.

Trade Idea:
> AWAIT CONFIRMATION BEFORE ENTERING

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