This pair is on its way back to the trading zone (yellow box). Once price hit the weekly pivot (WPV) at 131.00 round number look for long trades. The stochastic should roll over to the upside first. Place SL at 130.80 and the TP at 132.50.
3 Trade opportunities today. This friday is NFP, so wait for that news to come out before entering any trades.
Shark’s Daily Signal
This is a trade from the daily timeframe (D1). The $CAD stopped it’s downmove exactly at the 200 EMA which is also the 50.0 fibonacci level (yellow area). It started to move up from that level. As soon as stochastic is crossing, you can look to enter a long trade. Put SL below the 200 EMA (>40 pips). TP is the 38.2 fib level.