The USD/CAD is making a strong bullish breakout as expected. The setup was presented live on Weekly Trading Recap webinar and the price went exactly as expected. At this point we see a strong upside break after the inverted head and shoulders pattern. This was expected as USD/CAD had a bullish consolidation prior to bullish breakout. 1.2880-1.2910 is the zone for buyers while 1.3070-.1.3100 is the zone for sellers. Watch the price and trade accordingly.
Source: Admiral Markets MT5 with MT5SE Add-on
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)
M L3 – Monthly Camarilla Pivot (Monthly Support)
M L4 – Monthly H4 Camarilla (Very Strong Monthly Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
