USDCAD: Trading at a LT resistance level

The USDCAD is trading at an important LT level:

USDCAD
USDCAD

We need to wait for the market to break either side of the range, then we’ll start looking for a trade opportunity.

My Plan:

If the USDCAD breaks the ST resistance level, it will trigger a bullish market condition and I’ll be looking for long opportunities.

If the Canadian Dollar breaks the ST support level, it will trigger a bearish market condition and I’ll be looking for short opportunities.

Trade Safe!
Raul Lopez

Tags: , ,


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 .