USDCAD: Looking for long trades

Written by Raul Lopez on . Posted in Trades & Analysis.

The USDCAD recently broke a major resistance level located at 1.1457, it has no clear resistance level before 1.1817, so there is a long way to go. In the short term charts the USDCAD is also trading above all short term levels.

USDCAD
USDCAD

My Trading Plan:

Only long trades are in play, so as long as the market keeps trading above all short term important levels, I will be looking for long opportunities. All take profit orders will be set below the next resistance level around 1.1817

All short trading opportunities will be ignored.

Good luck!

Raul Lopez

Canadian dollar, USDCAD Analysis

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 .
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