USDCAD – Swing trade plan

With disappointing NFP numbers I think USD short traders will not look forward to jump into short trades this week.

  • USDCAD is approaching 1.0950 price. The price has acted as both support and resistance in the  past for the pair. Traders will be watching this price closely.
  • Swing traders can short this pair now and build their position on each rally,
  • Stop loss will be around 1.1040 and TP target will be around 1.07 price area.

 

Wish you all a very happy trading week ahead.

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