usdcad 8h swing trade setup best level to buy/hold

🔸Hello traders, let's review the 8 hour chart for USDCAD today. Currently trading
in well defined range, since October 2022. Right now closing in on range lows, so
naturally the risk/reward is shifting in bulls favor towards premium prices.

🔸Active trading range is pretty wide, almost 500 pips wide. Range lows defined
by 3400 and range highs set at 3770. 3840/3940 premium prices above range highs,
and 3330/3250 premium prices below range lows.

🔸Recommended strategy for USDCAD swing trade setup: Bulls focus on buying low
near premium prices, best entry near 3300 and stop loss below premium prices.
TP1 bulls is +150 pips TP2 bulls is +300 pips, conservative targets based on latest
price swings in USDCAD.

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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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