A little bit of demand and supply analysis on USDCAD for the coming week. Current market structure is bullish as previous lower highs @ 1.31449 were taken out. Another indication of positive bullish momentum is breakout from the major 4H zone and looks to indicate a retest whoch took place as of Friday. Now we can look toward the opening candle on Monday to confirm, although my call is bullish with the ideal buy area indicated by the green box, 1st Profit Target @ 1.32190 & 2nd Profit Target @ 1.32510 & 150 tick Stop Loss for good measure. Happy trading. Trade cautiously, any comments and/or suggestions are always appreciated.
Trade closed: target reached