SampersandR

Loonie -Bullish Rectangle

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
The loonies bull run has been consolidating for a couple of weeks now. The price recently broke the support however quickly returned within the range. From here its all the way up to the resistance level(one could trade range and sell at resistance), if this range is broken this may indeed be a sign of a final continuation of the preceding bullish run.
Entry at market, with first take profit at resistance and second take profit at the 1.3012 level a previous support
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.