Another setup at usdcad. the pair at which I hold the worst track record :D :D So trade it your own risk and use a stop loss. If this goes sideways there will be enough other profitable setups this week.
USDCAD has reached a resistance at the monthly and weekly time frame and also if you take a look at the daily and zoom out a bit you see that it had a strong bounce back at this level. This all indicates that nice week can be a nice bullish week for usdcad with a possible bounce back to 1.28-1.31. So 300+ pip target and i recommend to use a 60 pip stop loss, maybe 80 pips if you take small position size
USDCAD has reached a resistance at the monthly and weekly time frame and also if you take a look at the daily and zoom out a bit you see that it had a strong bounce back at this level. This all indicates that nice week can be a nice bullish week for usdcad with a possible bounce back to 1.28-1.31. So 300+ pip target and i recommend to use a 60 pip stop loss, maybe 80 pips if you take small position size
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