USDCAD - 60 - Getting squeezed.
I think today, with the FOMC, it could shoot out of this squeeze. My sentiment is to the downside, because there are key levels (2016 May low), which could be touched.
But the market likes to surprise us, so you can put BUY and SELL orders for capturing a few pips.
Potentially, you could do this:
BUY order:
Entry - 1.25180
TP - 1.25500
SL - 1.25000
SELL order:
Entry - 1.24915
TP - 1.24550
SL - 1.25100
As always, keep an eye on the price action!
But the market likes to surprise us, so you can put BUY and SELL orders for capturing a few pips.
Potentially, you could do this:
BUY order:
Entry - 1.25180
TP - 1.25500
SL - 1.25000
SELL order:
Entry - 1.24915
TP - 1.24550
SL - 1.25100
As always, keep an eye on the price action!