USDCAD Trade Plan

2 ธ.ค. 2021

Bullish Indications:
1. Higher Highs & High Lows
2. Cup & Handle Continuation Pattern
3. Bullish Trendline
4. No Bearish Divergence

Bearish Indications:
1. Tweerzers Top
2. Resistance zone @ 1.28300-1.28500
3. Nature - Handle Retracement 0.618 Fib

Baised: Long & Short

Suggested trade plans are:

Plan A: Short (till the handle formation)
Sell Stop: 1.28250
SL @ 1.28600
TP: 1.26350 (0.618 Fib)

Plan B: Long (above the resistance zone)
Buy Stop: 1.28600
SL @ 1.28000 (60 Pips)
TP: 1.29800 (120 Pips)