USDCAD Trading Plan: Demand Zone
Updated
USDCAD is approaching a decent demand zone on a daily chart.
On 4H chart the market is coiling inside a falling wedge pattern.
During Friday trading day bears were trying to continue lower,
however, were rejected by the strong pressure of bulls.
my plan is to wait and buy for a bullish breakout of a wedge.
if bulls break above it, there will be a high chance to see a continuation to 1.32 level.
good luck!
Note
bounce
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