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Forex48_TradingAcademy

USD/CAD Is the Fed ready to raise interest rates?

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
Forex48_TradingAcademy  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis education USDCAD EURUSD USDJPY ict Forex signals smartmoney priceaction
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trendanalysis indicator fundamental education usdcad eurusd usdjpy ict forex signals smartmoney priceaction
On USD/CAD, we have a bearish setup with the price at the 1.3520 level. This week involves a lot of data regarding the US and Canadian dollars. The goal will be to look for a long position, as the price is currently in a bearish channel after breaking some swing lows. I will look for a long position on the 15-minute chart during tomorrow's New York session. My profit target will be the 0.38 and 0.50 Fibonacci levels, as marked on the chart. Let me know your thoughts. Happy trading.
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