AlchemyFX

UC Daily Update: Neutral Until Break

FX:USDCAD   U.S. Dollar / Canadian Dollar
Waiting patiently for a higher low around 1.32 for a possible long entry! Patience will be key! Looking like some really good trades are on the way!

With this specific setup, being dynamic and flexible to price action in either direction is key. Remaining neutral in a setup is essential to hitting any opportunity that will come our way this week.

Confluences for a long:
- Ascending trending line
- 4-hr and 1d uptrend

Confluences for a short:
- Potential for retracement at fib zone
- Monthly resistance of 1.33
- Weekly descending wedge
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