Trading Plan: USDCAD: FOCUS ON BREAKOUT

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By VasilyTrader

 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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