USDCAD, Is 1.47 available ?

1 036
Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family.

let's go for USDCAD analysis:
for upcoming weeks, we'll probably see a downward correction to Specified level at first and then it will start another Rally. so with a proper trigger we can open a short position at first and after that a long position with TP around 1.4700.

And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.

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THANKS.
Trade active
Note
about 150 pips in profit for short position.
CHEERS.
Note
still valid.
Trade closed: target reached
1.47 Reached, About 400 pips in profit for long position.
The overall yield of this analysis is more than 550 pips.
CHEERS.

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