After a heavy bearish period, USDCAD is in a prime area for longs. The US is struggling economically as a country, with presidential issues, a new presidential election, and a COVID. However, after last week and the news for CAD, I would not be surprised in weak CAD. Overall, I think CAD is going to be weak throughout all pairs, this links with the GBPCAD trade I also posted - specifically the short setup. As I always state, do not take a trade without confirmations. Do not predict what the market is going to, react to what it gives you.
Comment:
I meant long setup*
Comment:
Going well, bounce was just a 15-minute candle and so entry time frame was a short period.
Trade closed: target reached
