usdcad h8 accumulation buy low TP 3750

🔸Hello guys, let's review the updated 8 hour chart for USDCAD today. We are
still locked in massive trading range, currently trading near range lows.
Drifting lower on auto-pilot and no valid trade setup present yet.

🔸Expecting short-term pullback, current bid is 3500, strong support levels
below market price at/near 3350 and 3300. For now more downside very
likely and I don't recommend taking up any positions yet.

🔸Recommended strategy BULLS: wait for price to complete pullback later
near 3350/3300 and be ready to buy low near premium prices. TP1 bulls
is +200 pips TP2 bulls is +300 pips, final TP is 3750, keep in mind this is
a swing trade setup, so naturally will take more time to hit the targets.

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Comment:

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