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Friday, 8 March 2024

USD/CAD Intraday: under pressure. Down 20-50 pips


USD/CAD Intraday: under pressure. Down 20-50 pips

Asset: USD/CAD

Recommendation: SELL

Entry Price (Pivot): 1.3480

Target and Take Profit levels (TP): 1.3425 and 1.3400

Risk:  2% per trade

Period: Intraday

Market: Spot Market

Comments: As long as 1.3480 is resistance, look for choppy price action with a bearish bias

Disclaimer: Not trading advice

www.traderfactor.com

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

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