If USDCAD is on a uptrend then it should not go below 1.3402 (previous 8hour low). Price will likely pullback during the Asian session till London open. You can go long at around 1.3420 with a 20pip stop loss.
Weekly , daily, 8 hour stochastic is going up and daily candlestick ended green so most likely price will continue to go up.
Remember to close all...
Don''t make trading too complicated. Price will either go up or down. As a day trader you only need to know where price will go tomorrow not the next day or next week. Just by guessing, your win rate is 50/50. With an edge, your win rate will be higher. Most important thing is risk control.
My edge: Previous day is green and stochastic is up so the next day will...
