Price has been slowly accumulating over the past few weeks.
Price surged downwards during BOC last week, taking out many long positions.
Price has hit the monthly demand zone, and we can possibly see a pullback towards 1.2700 first.
Ultimately, I expect price to swing upwards with strong volume towards 1.3015.
USDCAD Long
Entry is valid as long as price is above 1.2470
SL: 1.2410
TP: 1.2700/1.3015
Price surged downwards during BOC last week, taking out many long positions.
Price has hit the monthly demand zone, and we can possibly see a pullback towards 1.2700 first.
Ultimately, I expect price to swing upwards with strong volume towards 1.3015.
USDCAD Long
Entry is valid as long as price is above 1.2470
SL: 1.2410
TP: 1.2700/1.3015