USDCAD analysis

2021年9月18日

I have two possible scenarios playing out for this pair. We had a beautiful breakout play this week. Price created a wedge and we are now very clearly above that. The first scenario is when market opens on Sunday we see price continue trading higher. If we get that I don't see a pullback happening until 1.28500. If we pull back then I'm looking to enter a long position around 1.27000. My bias for USDCAD is bullish regardless. All XXXUSD pairs are moving bearishly ass well so primarily buys should be taken on USDXXX pairs right now. My overall tp for a long taken at 1.27000 is 1.30500. 300 pip play. Long from 1.27 with a 60 pip stop loss and a 300 pip take profit. Let me know what you guys think.