USDCAD Midterm Trade Plan Short and Long Opportunity
The Pair is trading 1.28560 as of writing. The midterm trend is Bullish.
Short term: H4 CHART
Price is below EMA 50 and EMA 100. We may see a correction. Possible pullback levels: 1.28750, 1.29250.
The main bearish scenario will start with the breakout of 1.28000.
If the pair makes a daily closing below 1.28000, the targets will be 1.27300, 1.26020 and 1.25100.
Our plan is to follow the scenario on the chart and generate 500-600 pips.
We will update the premium members as soon as we get the entry signal.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.