OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R.
Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.
Price still makes consolidation and will be a continuation or it will bounce up. If you wanna follow me to take a trade, make sure your money management rule your trade
#USDCAD market is moving in a horizontal channel. And this channel is on the weekly support and unable to breakout. So the market is going to buy from this level. The analysis is done in the H4 timeframe.
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This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
