USDCADUSD/CADOANDA:USDCADHassanhosseinzadehLooking at the past of the chart, it has broken its two previous highs, collected the liquidity, and is now coming down. Around the 1.3843 level it has a trading node. On the other side, next week the dollar has several news events, so it will probably get pushed up toward the 1.4000 area. However, because the price is sitting in the middle of the chart, entering there is risky. But since it is also in the golden Fibonacci zone at a price low, there are stronger reasons to consider an entry. For any entry, in addition to the technical analysis, look for a solid reason and justification to enter the trade. My opinion: It has strong momentum on the lower timeframes, which puts your account at risk. The best currency pairs are this pound and the euro.