USDCAD: Trading plan

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

The USDCAD has been ranging around the parity:

USDCAD
USDCAD

Here is my trading plan:

If the USDCAD breaks the top of the range (upper green line), It will trigger a bullish market condition and only long trades will be in play.

If the USDCAD breaks the bottom of the range (lower green line) it will trigger a bearish market condition and only short trades will be in play.

If the Canadian dollar keeps trading in between both green lines, I will do nothing.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

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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