USDCAD Long Trade *SUPPORT ZONE BOUNCE*

USDCAD is back at the 1.35 key level support zone. I think it is a safe buy here and longs will see some profits this week.

There is a bearish upper TL in play so this would be my first TP. If that TL is broken to the upside then the next target would be the resistance zone at 1.36400.

Stop loss below any wick lows to be safe.

Trade attivo

Trade chiuso: stop raggiunto:

Quick loss on this one. The support zone did not hold strong as expected and instead the potential bearish trend did continue to lower lows.