USDCAD Forecast Idea

📉 USD/CAD SELL @ 1.3970

TP1: 1.3950
TP2: 1.3925
TP3: 1.3900
TP4: 1.3875

SL: 1.4000

Trade Scenario:
Price is reacting from local resistance near 1.3970, with bearish momentum expected to continue toward the key level at 1.3929 and below.

Risk Management Tip:
Risk only 1–2% of account equity; secure partial profits at TP1 and TP2, then trail SL to breakeven while targeting TP3 and TP4.

Alternate Scenario:
If price breaks and sustains above 1.4000, bullish momentum may resume toward 1.4030.