Possible long entry on USDCAD.
USDCAD is in a range on the weekly timeframe. The way to trade this is to buy the lows and sell the turns at the highs. USDCAD has bounced off major support and is turning bullish. It broke out of its channel and the MA is also bullish. It may offer a good long entry up to the minor resistance level on the Daily timeframe.
Note
It is USDCHF not USDCAD
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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.
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.