LONG USDCAD
Corridor in the price range 1.13700-1.14646 formed for USD/CAD pair, resistance level of 1.14138 is also very important. Level 1.13700 becomes weaker as the trend movement continues for a long time, and the price repeatedly tries to break this boundary, so for real trading I recommend to consider levels from 1.14646 to sell and more proximal level of 1.14136.
I trade using USD/CAD trade corridor approach. Ranges of trade corridor are determined by last extrema on the hourly chart.
I trade using USD/CAD trade corridor approach. Ranges of trade corridor are determined by last extrema on the hourly chart.
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