Daniel.Dalo
Long

USDCAD - Outlook for next week

FX:USDCAD   U.S. Dollar/Canadian Dollar
154 0 1
Waiting next week opening for a bounce off the demand level at 1.1250. Setup is Long:

- Entry at 1.12525 (to cover the spread)
- Stops at 1.1221
- First target is at 1.1320

I like this setup because on the higher timeframes there is no fresh supply near current price and the overall trend is bullish , so it's a nice opportunity to enter the uptrend, at least until next 30 min supply level , just above our first target.

Good luck and happy weekend!
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