USDCAD (ARE WE STILL BULLISH)
Hello Traders, I'm back with some interesting setups for this week and the markets look very interesting. The first pair that definitely got my eye this Sunday is USDCAD. Got some simple setup right here nothing complicated just trading with the trend that's all. Lets jump to it straight away. USDCAD is showing an obvious uptrend on the daily TF and so i will only look for buying with the trend. Jumping on to the 4H TF, Price has recently had a retest and bounced of level 1.39900 which is a very strong level and looking at the past, price just smashes or bounces from that level. Whats next? Im looking for a possible upward movement upside to 1.42400 and obviously i will be looking to BUY the break and retest of level 1.42400 of which on that case would be a great support level and have my TP on the next possible resistance level which in this case might be around 1.45000 SL around 1.41700 (R:R 6.06)
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