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USDCAD: Looking for buy above 1.3050 | January 28, 2017



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Usdcad has found some support near 1.3050 level. Now this pair is trying for move in the upside direction. Now we need to look for buy above the support level. On h4 time frame, we can see strong bullish movement which indicates bullish momentum on this pair. Daily chart also giving same signal to stay on bullish mode.
Buy trade setup
☆ Buy level for this pair is 1.3100 level
☆ After any retrace, we should look for buy entry.
☆ SL will be below 1.3050 level.
☆ TP will be 30-100 pips
☆ After getting 30 pips, closed half position and move SL at break-even point.

Read more USDCAD previous chart analysis
Read more All pairs chart analysis at a glance


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