USDCAD - LONG and SHORT scenario setup - 4H
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Hi there! It's channeling down and respecting trendline support and resistance so far. in my opinion USDCAD will be a SELL unless there are more fundamentals favoring USD. If price breaks the channel, we can think in long trade.
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
Please support our setups with your likes, comments and by following me on TradingView, thanks!
Hi there! It's channeling down and respecting trendline support and resistance so far. in my opinion USDCAD will be a SELL unless there are more fundamentals favoring USD. If price breaks the channel, we can think in long trade.
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
Please support our setups with your likes, comments and by following me on TradingView, thanks!
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