Greetings Forexia Crew, Lets break down the analysis on USDCAD. As it can been seen below that the pair has overall downtrend.
However, it has bounced off the support zone where lots of people hop in to buy the pair. I believe the pair has more room to go after inducing enough buyers and shift aggressively against buyers. I might take sell on the dcr or ecr. When my expectations are met.
I am expecting the scenario below:
Please use proper money management and lot sizes!!!