USDCAD MEDIUM TERM - WAITING FOR SHORT SETUP AT 61.8% / 50%
If price can break 50% and consolidate few days above that level, look for short term buy setups upon retest of 50%. If price forms a daily hammer around 50%, sell with SL above hammer wick. If price ever reach 61.8%, that is a good level to short.
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Scalping setupNote
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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.