USD/CAD trading plan, July 17, 2025

USD/CAD seems to be forming a double bottom pattern on daily timeframe. The speed of developing swing is relatively slower, which doesn’t give me confidence of it breaking above the neckline. However, it is likely to touch the neckline.

USD/CAD has recently been moving in a rising channel on 4 hour timeframe. The plan is to keep buying at lower and mid line of channel and keep closing at the upper line of channel. Keep doing that unless the pair touches the aforementioned neckline on daily timeframe.