Trading Plan: USDCAD: FOCUS ON BREAKOUT
By VasilyTrader
with a sequence of a lower high and higher lows it is too risky to trade from current prices.
the market is waiting for a trigger and the best strategy right now is to wait.
look for a 4h candle close above a falling trendline to buy the market with targets 1.441 / 1.461
stop below the last higher low
look for a 4h candle close below a rising trendline to sell the market with targets 1.398 / 1.381
stob above the last lower high
good luck!
USDCAD is stuck between two trendlines .
with a sequence of a lower high and higher lows it is too risky to trade from current prices.
the market is waiting for a trigger and the best strategy right now is to wait.
look for a 4h candle close above a falling trendline to buy the market with targets 1.441 / 1.461
stop below the last higher low
look for a 4h candle close below a rising trendline to sell the market with targets 1.398 / 1.381
stob above the last lower high
good luck!
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