The USDCAD pair has made an impulsive move to the upside breaking out of the previous consolidation. Price will most likely trade upwards to the range it created.
Analyze the chart before placing your trade call, and enter at a level comfortable for you.
DO NOT RISK 1% OF YOUR EQUITY
A potential declination on this pair as price violates previous significant level @ 1.76299, creating a range on the weekly Timeframe to trade down to 1.71668. The overall sentiment for this pair for the next couple of weeks could be bearish.
Bear in mind that this is not a signal to trade blindly. Hunt opportunities to go short on this pair if it meets your...