The pair has reached an important horizontal structure on the daily timeframe.
It is now trading in a narrow range on the one hour timeframe in indecision.
Wait for the breakout to either side. If it breaks out higher, above the resistance in the blue, wait for the retest and go long.
If it breaks out lower, then, wait for a retracement and short.
Both trades will provide a good risk reward profile. Possible Targets for both long and short are outlined on the daily chart by the dotted line and are named resistance and support respectively.
Like and subscribe if you like my analysis. I really appreciate your contribution.
Wish you all best of luck in your trading.
It is now trading in a narrow range on the one hour timeframe in indecision.
Wait for the breakout to either side. If it breaks out higher, above the resistance in the blue, wait for the retest and go long.
If it breaks out lower, then, wait for a retracement and short.
Both trades will provide a good risk reward profile. Possible Targets for both long and short are outlined on the daily chart by the dotted line and are named resistance and support respectively.
Like and subscribe if you like my analysis. I really appreciate your contribution.
Wish you all best of luck in your trading.
Note
another canadian dollar idea, check it out! 
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✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Disclaimer
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.
✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Disclaimer
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.