On this test of support at the bottom of the range I am looking to buy 
USDCAD for a test of resistance. If this break is confirmed and hold, then this trade is no longer viable and further losses can be expected. However, until then I would proceed with caution and favor a long at support. Especially, since the pair is in oversold territory, however, I am keeping my stops tight.
Follow, Like, and Comment.
Let's make some money together!
Dr. Lydia Smith
USDCAD for a test of resistance. If this break is confirmed and hold, then this trade is no longer viable and further losses can be expected. However, until then I would proceed with caution and favor a long at support. Especially, since the pair is in oversold territory, however, I am keeping my stops tight. Follow, Like, and Comment.
Let's make some money together!
Dr. Lydia Smith
Note
This trade is looking to be breaking the range. Do not trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.