USDCAD: Trading Plan For Next Week

14 בספט׳ 2019

hey traders,

USDCAD has respected 1.315 structure support level
and during the last three days we saw a strong pullback.
next week buyers will most likely push the market higher.
the first bearish resort will be around 1.335 structure resistance area.
a lot of buyers will close their longs and many traders will open short positions
following horizontal structure and rising trendline.

I will be focused on this area and will look for a signal inside this area to open short.
T1 will be 1.325
T2 will be 1.315

if the market breaks and closes below the area, setup will be invalid.