USDCAD has been a down channel since JUL and recently price did break upper trendline but failed to closed above it and come back into the channel .
Going Long If;
Time frame : 1H
If price rally above upper trendline channel then
Will go long if price closed above 1.32113 - 1.32601 .
Target area at 1.37252 which below previous major key level.
Stop lost best suggestion should be around 1.30898 or previous pivot .
Risk/Reward at least go for 1:2 > better .
Going Short if;
Time frame : 1H
If price pullback below upper trendline channel then
Will go short if price closed below 1.30898 - 1.30430.
Target area at 1.27649 which below above major key level .
Stop Lost best suggestion should be around 1.31603 or previous pivot .
Risk/Reward at least go for 1:2 > better .
the key is patience
Disclaimer :
Please dont follow my idea trading and if do please consider the risk of losing money .
Going Long If;
Time frame : 1H
If price rally above upper trendline channel then
Will go long if price closed above 1.32113 - 1.32601 .
Target area at 1.37252 which below previous major key level.
Stop lost best suggestion should be around 1.30898 or previous pivot .
Risk/Reward at least go for 1:2 > better .
Going Short if;
Time frame : 1H
If price pullback below upper trendline channel then
Will go short if price closed below 1.30898 - 1.30430.
Target area at 1.27649 which below above major key level .
Stop Lost best suggestion should be around 1.31603 or previous pivot .
Risk/Reward at least go for 1:2 > better .
the key is patience
Disclaimer :
Please dont follow my idea trading and if do please consider the risk of losing money .