CADUSD Long term Buy

1 ביולי 2022

CADUSD is in uptrend and its is trading just below a key resistance zone marked as pink rectangle in the chart. If the price breaks to the upside and and generates any buying sell or retrace back to the same level after breaking to the upside, we will have a good buying opportunity with a healthy R:R ratio of minimum 1:1.75 .So keep this pair in your watchlist for the upcoming weeks. This trade is a not for scalpers or intraday traders because along the way the price may spike up or down. Trade may last for weeks.