TheTradersAvenue

USDCAD > Important Level for A Buy Entry!

Long
TheTradersAvenue Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Analysis of #USDCAD


While the Oil keeps on rising we can expect the CAd to strengthen against the dollar and I am expecting further downside.

if the market comes and tests my structure support zone near 1.2500-1.2480 strong demand zone I will drop a one-time frame looking for the market to show bullish action before getting in a buy trade.

________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.

Thanks for your continued support!
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.