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)
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