USDCAD on it's choppy way up to the top?
I am observing that USDCAD appears to be tired of trending at the bottom LOL and it's chopping it is way up to the upside. So I am looking to enter the trade only if price pushes to the red candles I have pointed to on the chart if not, my trade idea won't be valid.
There are still other factors I am looking at but longterm bias is LONG.
There are still other factors I am looking at but longterm bias is LONG.
Trade active
Trade closed: stop reached
Having another go at this pair. Price still trading within range possipbly prepping to breakout. I have 2 plans
Plan A - If price continues to trend within the range I will take a short term sell to the are marked on the chart
Plan B - in Case of a breakout I will go long
However I will be monitoring price closely