USDCAD LONG
Updated
We are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames.
We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish
but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the trendline
breakout that might send USDCAD higher? Only time will tell. We will be looking to enter this trade and hold the position
for the next 3 to 4 weeks at 2% risk per trade.
We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish
but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the trendline
breakout that might send USDCAD higher? Only time will tell. We will be looking to enter this trade and hold the position
for the next 3 to 4 weeks at 2% risk per trade.
Trade closed manually
Price moved as planned. Target was not reached but still turned out to be a good trading setup.
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