USDCAD Trade Plan
Bullish Indications:
1. Higher Highs & High Lows
2. Cup & Handle Continuation Pattern
3. Bullish Trendline
4. No Bearish Divergence
Bearish Indications:
1. Tweerzers Top
2. Resistance zone @ 1.28300-1.28500
3. Nature - Handle Retracement 0.618 Fib
Baised: Long & Short
Suggested trade plans are:
Plan A: Short (till the handle formation)
Sell Stop: 1.28250
SL @ 1.28600
TP: 1.26350 (0.618 Fib)
Plan B: Long (above the resistance zone)
Buy Stop: 1.28600
SL @ 1.28000 (60 Pips)
TP: 1.29800 (120 Pips)
1. Higher Highs & High Lows
2. Cup & Handle Continuation Pattern
3. Bullish Trendline
4. No Bearish Divergence
Bearish Indications:
1. Tweerzers Top
2. Resistance zone @ 1.28300-1.28500
3. Nature - Handle Retracement 0.618 Fib
Baised: Long & Short
Suggested trade plans are:
Plan A: Short (till the handle formation)
Sell Stop: 1.28250
SL @ 1.28600
TP: 1.26350 (0.618 Fib)
Plan B: Long (above the resistance zone)
Buy Stop: 1.28600
SL @ 1.28000 (60 Pips)
TP: 1.29800 (120 Pips)
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.
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.