USDCAD BREAKING OUT OF DESCENDING CHANNEL!
Price broke out of a 2-month long descending channel 2 days ago. Now the price has reversed down and tested a small support area, and have resumed upwards. This could possibly show a trend reversal.
I am currently holding this pair, and aiming for 1.35400. Stop loss is placed below the wick of the last candle (1.31100).
If you want a safer and quicker trade, go for TP1 level. TP1 level has the risk to reward ratio (2/1))
If you like this idea please leave a like! :D
I am currently holding this pair, and aiming for 1.35400. Stop loss is placed below the wick of the last candle (1.31100).
If you want a safer and quicker trade, go for TP1 level. TP1 level has the risk to reward ratio (2/1))
If you like this idea please leave a like! :D