PawanThakur
Long

USDCAD - H1 - Long - Opportunity with Good Risk Reward

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
In Hourly, price closed near the price range that acted as a support during the day.

1. USDCAD did a breakout and then pulled back to 1.30790 Levels on weekly charts.
2. Price has a nearby support of 61.8 % Fibo Level on Weekly.
3. Stochastics - Oversold on Hourly.

Lastly, risk and reward is pretty favorable, I will wait to see how it reacts at the opening and take a call.


----- Note ------
Position Size: 2% Risk or less ALWAYS. CANNOT RISK MORE.
Support/ Resistance/BUY/SELL/SL/TP Prices are ALWAYS RANGES and Not Exact Prices

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