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USDCAD Midterm Trade Plan Short and Long Opportunity

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.

 

 

USDCAD Midterm Trade Plan:   Involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
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