USDCAD, Daily TF, buy on support
Trade ideas for USDCAD
Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.
I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.
Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)
Use only 1-2% risk
Good luck
Disclaimer ON
Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.
I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.
Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)
Use only 1-2% risk
Good luck
Disclaimer ON
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