USDCAD pair is positioned for a short run to the upside with an expected pull-back @ 1.32614.
Thereafter, we should see a bearish confirmation candle that closes below @ 1.32614.
We will take two short entry positions once we confirm a bearish candle close. Our first target will be toward @ 1.3250.
Then we shall wait for the break toward the downside with price closing below @ 1.31250. This will give us our second entry confirmation to go short to our next target. Target 2 will be @ 1.29900.
GoodLuck.
Thereafter, we should see a bearish confirmation candle that closes below @ 1.32614.
We will take two short entry positions once we confirm a bearish candle close. Our first target will be toward @ 1.3250.
Then we shall wait for the break toward the downside with price closing below @ 1.31250. This will give us our second entry confirmation to go short to our next target. Target 2 will be @ 1.29900.
GoodLuck.
Note
Our first target will be toward @ 1.31250***.
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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.