USDCAD - Edition #1

_Macro Outlook 🚀 Bullish 🚀_Price trades below resistance.... bullish!

Price is oscillating within a massive range since 2015, but looking at the most current reaction from 1.22185. There is evidence that it is leaning to the upside.
This latest strong move since April 21 created two bullish patterns: price trend change with expanding candles and weekly deviation.

Note

This still remains within the current range of 1.22185 - 1.38355 so waiting for a move above 1.38355 to pull the trigger is the conservative approach.

Short Term

Still bullish. As long as the price stays above 1.36, betting on the highs equal to 1.38 is the move to make.
On the other hand, below 1.36 and target the impulsive move from 1.33.
Both trades present great opportunities, but remember not to get trapped in a micro trade for longer than necessary. 1.33 is for bidding, as is 1.38 (once broken).

Disclaimer: This content was originally published on Zelf Trade.