USDCAD, Close to net Long

The USDCAD recently broke an important resistance level (blue line at 1.1298) and it appears to have more bullish momentum, but trading long is not yet recommended, I would wait for the market to break the nearest short term resistance level (green line at 1.1359).

USDCAD
USDCAD

My Trading Plan:

Wait for the market to break 1.1359 and start looking for long opportunities.

Good luck

Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .