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USDCAD: Potential Pullback Trade đŸ‡ș🇾🇹🇩

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USA-dollar/Kanadensisk dollar (OANDA:USDCAD)  
VasilyTrader Uppdaterad   
OANDA:USDCAD   USA-dollar/Kanadensisk dollar
Support and Resistance Parallel Channel Rectangle USDCAD canadiandollar CAD howtotrade trader fxtrading
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supportandresistance parallelchannel rectangle usdcad canadiandollar cad howtotrade trader fxtrading
snapshot

USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame.

To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range.
You need an hourly candle close above that to confirm the breakout.

They buy aggressively or on a retest.
Your goal will be 1.2668

In case the price breaks the support of the range,
the setup will be invalid.

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