USDCAD Midterm Trade Plan Short and Long Opportunity

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The Pair is trading 1.28560 as of writing. The midterm trend is Bullish.

Short term: H4 CHART

Price is below EMA 50 and EMA 100. We may see a correction. Possible pullback levels: 1.28750, 1.29250.

The main bearish scenario will start with the breakout of 1.28000.

If the pair makes a daily closing below 1.28000, the targets will be 1.27300, 1.26020 and 1.25100.

Our plan is to follow the scenario on the chart and generate 500-600 pips.

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