As we can see UsdCad in both D1 and H4 is in a downtrend with price recently has approached to resistant of 1.2125-1.2150+-
Wait for the sign of price rejection at this sell AOV before trade execution.
Do take note that tonight NFP and CAD employment data at 830pm (MYT) is set to release of which may create some volatility in this pair.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Wait for the sign of price rejection at this sell AOV before trade execution.
Do take note that tonight NFP and CAD employment data at 830pm (MYT) is set to release of which may create some volatility in this pair.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
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