USDCAD Textbook Triangle Pullback Trade Setup

41
Hi all, take a look at this USDCAD trade. I'll post it as Education since there are no additional confirmations for a long setup. The pair broke above a triangle pattern, made a pullback (triangle resistance became support) and reversed in the direction of the breakout. Profit target is the height of the pattern (around 137 pips), projected from the breakout point.

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.