USDCAD: Potential Pullback Trade 🇺🇸🇨🇦

Long

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

supportandresistance parallelchannel rectangle usdcad canadiandollar cad howtotrade trader fxtrading

USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame.

To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range.
You need an hourly candle close above that to confirm the breakout.

They buy aggressively or on a retest.
Your goal will be 1.2668

In case the price breaks the support of the range,
the setup will be invalid.

❤️Please, support this idea with like and comment!❤️

Comment:

Check my new idea on USDCAD:

USDCAD: Update & The Things to Watch Today 🇺🇸🇨🇦

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Related Ideas

about USOIL 20

about GBPAUD 17

about EURJPY 13

about USDCHF 26

about EURUSD 43

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.