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Therealsmaira
Mar 27, 2021 1:04 PM

USDCAD: 2 Options, 1 Result ! Long

USD/CADOANDA

Description

On USDCAD, bullish scenarios are more likely to have place in the next few days:

Scenario 1: The upper trendline is valid and the price is sitting around a support so if it breaks it upward, a Long position can be entered.

Scenario 2: A less risky possibility could be that the price will dive in the zone one last time before breaking the upper trendline for good. A better RRR can be reached with this one.

Trade Safe and Best of Luck

MacroForex
Comments
Saacha
I'm strongly biased towards Scenario 1. Happy trading!
Therealsmaira
@Saacha Both cases are Long positions so you choose :)
Happy Trading for you too !
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