Bullish on USD/CAD: Exploring the Upside Potential
Hey Traders!
NEWS COMING UP SOON IN 15-30 Min so this could change and react accordingly.
👨💻 Technical: Trending toward the upside nicely, however, we have a downtrend, if we manage to break it and have a push exhaustion cycle this could be a good way to enter the trade for a good RR. You could also risk a short-term trade and trade the 20-30 pips space for potential bullish profit if it re-tests the trend.
🎯 For an ideal entry: Wait for a push exhaustion cycle to happen, and then see where we are, news coming up soon so the cycle could happen quicker than expected.
NEWS COMING UP SOON IN 15-30 Min so this could change and react accordingly.
👨💻 Technical: Trending toward the upside nicely, however, we have a downtrend, if we manage to break it and have a push exhaustion cycle this could be a good way to enter the trade for a good RR. You could also risk a short-term trade and trade the 20-30 pips space for potential bullish profit if it re-tests the trend.
🎯 For an ideal entry: Wait for a push exhaustion cycle to happen, and then see where we are, news coming up soon so the cycle could happen quicker than expected.