USDCAD: Trading at a LT resistance level

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

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

Canadian dollar, Forex majors, 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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