USDCAD: Potential Pullback Trade 🇺🇸🇨🇦

Panjang

Dolar A.S. / Dolar Kanada (OANDA:USDCAD)

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OANDA:USDCAD Dolar A.S. / Dolar Kanada

supportandresistance parallelchannel rectangle usdcad canadiandollar cad howtotrade trader fxtrading

USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame.

To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range.
You need an hourly candle close above that to confirm the breakout.

They buy aggressively or on a retest.
Your goal will be 1.2668

In case the price breaks the support of the range,
the setup will be invalid.

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USDCAD: Update & The Things to Watch Today 🇺🇸🇨🇦

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Penafian

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