USD/CAD: Short Term "Buy the Dip" strategy!
Updated
From a technical point of view,, the 
USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame).
On chart I have shown some potential targets that could be reached, but to understand which of these to look at, we need to follow the swing that will form (3 or 5 waves), so it will be necessary to follow and update this analysis (levels) along the way.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame).On chart I have shown some potential targets that could be reached, but to understand which of these to look at, we need to follow the swing that will form (3 or 5 waves), so it will be necessary to follow and update this analysis (levels) along the way.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Note
It's still in play....Note
🔔 Resistance Area around 1.33Trade closed: target reached
✅Target 1 hit!Note
💡 trend is still bullish...Note
🔔 Now we're going to look for supports:Note
🔔Target 2 still in play...Note
Nice Pullback! Consolidation?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.