USDCAD 1.2000 not seen since 2009
USDCAD has not seen 1.2000 since 2009. That's about 5 years ago. I think the market is keen to test this psychological number of 1.2000 soon. 1.2000 should hold and not be breached on its first attempt. Be aware of this trade though. As it is based on weekly time frame chart, its really a big big time frame. On the other hand, if this trade works out well, then the reward potential could be significant.
Short USDCAD 1.1990-95
SL 1.2050
TP1 1.1900
TP2 1.1800
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ForexPositive.com
Twitter ForexPositive
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Short USDCAD 1.1990-95
SL 1.2050
TP1 1.1900
TP2 1.1800
=====
ForexPositive.com
Twitter ForexPositive
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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.