Bullish Setup on USDCAD
It has been observed that USDCAD is trading near a strong support zone which coincides with 78.6% retracement of the impulse upmove.
A long can be initiated at 1.3038-1.3040
Stop: 1.3018
Target: 1.30713
Stops can be trailed post target for a possible breakout move from the down channel.
A long can be initiated at 1.3038-1.3040
Stop: 1.3018
Target: 1.30713
Stops can be trailed post target for a possible breakout move from the down channel.
Trade closed: target reached
Can Trail stops to cost and try staying with the trend which has broken the down channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.