USDCAD IDEA

110
Looking for a retest at 1.27856 but could break below 1.2744 which if it closes below then I’ll short it. 1.28126 and 1.28244 are other retest points which I’ll look at. If entry is s at 1.27856 then the most drawdown one should be looking at is 39 pips. If no drawdown TP is 74 pips. But if moment pushes up then entry will wait for another retest either on the point mentioned or the trendline. If it reaches the top resistance then looking at 1.27109 will be a 113 pip TP. If break above 1.27856 then will look to scalp to 1.28126 then a short If resistance is seen on the smaller time frame. It will be at most 12 pip drawdown dons 20 pip SL at most and will look for a 101 pip TP which would be a 5RRR

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