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.
Trade closed: target reached
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Can Trail stops to cost and try staying with the trend which has broken the down channel