USDCAD is Ready to Go Up(➡️RR=2.48)

🏃‍♂️USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢Support zone(1.3704 CAD_1.3618 CAD)🟢.

💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.

🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending channel.
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USDCAD

🟢Position: Long

✅Entry Point: 1.37163 CAD (Limit Order)

⛔️Stop Loss: 1.36660 CAD

💰Take Profit:

🎯1.38047 CAD👉Risk-To-Reward: 1.76

🎯1.38411 CAD👉Risk-To-Reward: 2.48

⚠️Please don't forget to follow capital management.

⚠️Please pay attention to the style of opening the position.
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U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

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