📈 USD/CAD Trade Plan 📈
Looking to trade USD/CAD? Here’s a quick setup:
• Entry Zone: Target 1.3880–1.3890 for an entry near recent support.
• Stop Loss (SL): Place SL at 1.3850, protecting against short-term volatility.
• Take Profit (TP):
• TP1: 1.3920, aligning with recent resistance.
• TP2: 1.3950 for extended gains if the trend remains strong.
🎯 Market Context:
• USD is strong due to positive economic indicators, while the Canadian dollar faces pressure amid expected BoC rate cuts. Upcoming U.S. inflation and Canadian job data could introduce volatility, so stay updated!
Looking to trade USD/CAD? Here’s a quick setup:
• Entry Zone: Target 1.3880–1.3890 for an entry near recent support.
• Stop Loss (SL): Place SL at 1.3850, protecting against short-term volatility.
• Take Profit (TP):
• TP1: 1.3920, aligning with recent resistance.
• TP2: 1.3950 for extended gains if the trend remains strong.
🎯 Market Context:
• USD is strong due to positive economic indicators, while the Canadian dollar faces pressure amid expected BoC rate cuts. Upcoming U.S. inflation and Canadian job data could introduce volatility, so stay updated!
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