What if USDCAD will fall on the NFP event tomorrow until NAFTA deal next week?
Let's find major support for Swing trades.
At current prices with uncertain fundamentals, USDCAD can go anywhere.
Can go up, down, or even just sideways in the current range.
Ahead of the NFP event today and NAFTA deal next week,
then it is not advisable to open a position at the current price.
We prefer to wait at Strong Actual SR level for USDCAD at major Support level with CFK techniques
by semi auto EA Trading Planner or limit order for manual trades.
People who understand how market works,
as known that price is moves on each SR like we walk on the stairs,
that is SR Strategy, then they can get benefit from trade plan above.
Example how to work on a stage :
-- and even you can create your own trade plan here.
But, for people who do not understand the meaning of the picture above,
it is true that trading forex may not be suitable for all people, including people who don't understand that :)
so please ensure that you fully understand the risks involved.
- Do you already have trade positions, and market against you?
- -- A2SR will assist you by this technique:
- -- https://c.mql5.com/31/205/automated-actual-support-resistance-a2sr-screen-4329.gif
By the way, a trade plan above is not trade recommendation,
but you can use it if you agree and understand that
-- or please use your own trade plan :)
Good luck, traders
wish you all the best