USDCAD Daily trading strategy 24 Mar 2020 M15
USDCAD is laid on a short-term support trend in M15 chart.
The forecast in future hours the price will test the support trend, if the price breakdown the uptrend the next support level will be around 1.431, if that level fail, the price will probably go to the bottom of the descending channel.
For the trading strategy, a sell order with stop loss at 1.445 and take profit target at 1.431 & more aggressive 1.425.
The forecast in future hours the price will test the support trend, if the price breakdown the uptrend the next support level will be around 1.431, if that level fail, the price will probably go to the bottom of the descending channel.
For the trading strategy, a sell order with stop loss at 1.445 and take profit target at 1.431 & more aggressive 1.425.
Trade closed manually