VladimirRibakov
Long

USDCAD Buy and Sell Scenarios

FX:USDCAD   U.S. Dollar/Canadian Dollar
BUY SCENARIO

Pair is currently breaking above a short term trend line and I expect a duplication of the last wave up. If we get a small correction in order to improve the risk reward ratio we can jump into a buy Aiming the duplication zone where we can switch to a sell.

SELL SCENARIO

If the pair reached the sell zone as marked on the chart, look for a false break + bearish divergence as an entry, or alternatively sell with the break of the most recent up trend line to form.
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