ElemontFX
Short

USDCAD 1H Upcoming Trade Setups

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             has broken through two different trends on the 1H, currently back in a downtrend.
We expect price to continue to S2 upon breaking S1, where it can find support at the Potential Reversal Zone before it begins a reversal to retest the 200 MA.

Trade Setups:
If it breaks S1 in the next few candlesticks , short to S2
Enter long at Potential Reversal Zone, aim for TP at Long TP Zone (200 MA). Partial TPs along the way if suitable.
Stop losses above/below the respected levels for minimal risk.
ELEMONT FX
Experienced Proprietary Traders
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