USDCAD long

7 באפר׳ 2022

This pair seems to be in a bullish pattern considering the support from the trend line, positive candle stick indication, break out through the fib level of 0.382 and bullish BAT pattern. However considering the seasonal data this pair was 8 out of 10 times bearish in the month of April. Nevertheless the biased is still towards bullish side so one plan is given for buying strategy and considering the seasonal pattern one strategy is given for selling this pair. The given buying and selling values are for the risk reward ratio of 1:1 with the lot size of 0.1.