Hello Traders!
🔻Potential BUY setup for: USDCAD
👨💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels.
🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls coming back to the market whether with a bullish hammer or engulfing candlestick, after the pullback it would be a good risk reward.
🔻Potential BUY setup for: USDCAD
👨💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels.
🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls coming back to the market whether with a bullish hammer or engulfing candlestick, after the pullback it would be a good risk reward.