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.
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.
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 .