I am looking to buy USDCAD if the price will move down more, going in the deep in the demand level. Nested inside the demand level drawn in the weekly chart, I have 2 demand levels in the daily chart. The highest one has been tested many times. My focus is on the lowest demand level.
I marked potential entry points on the chart to buy this currency, I am more comfortable, for reason of risk, to enter my buy trades in the lowest ones, if it will be possible and later to sell high in the fresh supply following the Trading Plan.
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.