Hello everyone!
This is my analysis on USDCAD for next week.
I will look for LONG positions only if the price will go higher than 1.41000 and comes to retest this area. Next resistance and long term TP at 1.42380
I will not open SHORT positions right now. I am waiting for price to go lower than 1.40000 and see a price rejection in that area. Support and TP for Short position at 1.38666
Remember that my analysis is not 100% accurate and you are advised to trade according to your own entry rules.
Have a good week!
This is my analysis on USDCAD for next week.
I will look for LONG positions only if the price will go higher than 1.41000 and comes to retest this area. Next resistance and long term TP at 1.42380
I will not open SHORT positions right now. I am waiting for price to go lower than 1.40000 and see a price rejection in that area. Support and TP for Short position at 1.38666
Remember that my analysis is not 100% accurate and you are advised to trade according to your own entry rules.
Have a good week!