USD/CAD

For the USDCAD pair, the price broke above the downward trend line formed earlier on H4, reaching the previously designated buy target of 1.3714. If the price breaks above this resistance and consolidates above it, the next buy target could be the resistance level of 1.3766.

The USDCAD price continues to move upward. It is currently making another attempt to breakout of the 1.3766 resistance level. If the price successfully breaks out and consolidates above this level, the next buying target could be the 1.3815 resistance

USD/CAD :- Up-Move Rejected form resistance, Short setup

Price has taken Resistance from major falling trendline multiple times in the past. returning back to the base.
Pull back reversed and started continuing in it's move in the direction broader trend. To capture the price returning back to the lower direction. below is the short trade.

Short trade
Sell @ 1.37723
Stop Loss: 1.38338
TP1: 1.37094
TP2: 1.36363
TP3: 1.35997
Strict Risk management should be applied and Position should be sized according to individuals risk appetite.

For Educational Purposes only, Not an Investment Advice

These are the break dawn of usd cad for the week , am selling to achieve 100 pips and risk is 20 pips as you can see.

An ascending channel has formed on the USDCAD H1 chart. The price is approaching its upper boundary, which could be a potential downward reversal point. The RSI indicator is also showing divergence, which could also confirm an imminent reversal. If there's a downward rebound, the first sell target could be the support level at 1.3869.

new updates with usd cad after our SL hit yesterday.