USD/CAD breaks through key resistance level.

The usd/cad has recently broken through a key level and I will now be hunting for a retest of the level and a price action setup to indicate this resistance level is now acting as a support level. Very simple stuff .

I will be using the lower time frame 1hr and 4hr to see what happens. Remember these can result in false breaks and the market could trap traders long and then decide to go lower. The key here is to use the price action to confirm the level is holding.

Author.
My name is Jeremy Poor, I am a professional Forex trader and my aim is to help aspiring traders to learn all about trading the Forex using Price Action  and where to look and hunt for the best trades. With lots Forex articles, videos and a dedicated  price action forum to look at, its a great place to learn how to become consistently profitable at trading the Forex.