Trading Analysis for USDCAD - Potential scenarios and entries

20 apr

Upside Breakout: If the price breaks above the upper red trend line with confirmation, it suggests a bullish breakout.

Downside Breakout: If the price breaks below the lower green trend line with confirmation, it suggests a bearish breakout.

Entry:
Upside Breakout: Consider a long position with confirmation above the upper red trend line.
Look for a move toward the upper target indicated by the upper arrow.

Downside Breakout: Consider a short position with confirmation below the higher red line and then below the lower green trend line with confirmation.

Look for a move toward the lower target indicated by the lower arrows.

Watch for the confirmations to enter the trade in each direction.

Disclaimer: This is not financial advice. Always do your own analysis and consider your risk tolerance before entering any trades.