USDCAD is in Range in Daily, and daily range is enough to capture 200-250 pips. So keeping that in mind we can plan a buy trade USDCAD from the Daily Demand Area 1.3500 - 1.3550 Area.
And 1H Trend is Bearish So we can also look for the Sell from the 1.3650 aka Resistance Zone (4H), but after this selling move it is risky to sell at current price i.e. 1.3580 So wait for fib area or look for buys only from Demand Zone.
And 1H Trend is Bearish So we can also look for the Sell from the 1.3650 aka Resistance Zone (4H), but after this selling move it is risky to sell at current price i.e. 1.3580 So wait for fib area or look for buys only from Demand Zone.
Trade closed: target reached
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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.
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.