USDCAD Long Term Buys
We can see an uptrend followed by consolidation with a small bullish parallel channel. Now I'll wait for a solid breakout and a retest. Once I see a confirmation on the lower TF, I'll take a buy. TP-targets are based on previous support and resistance zones.
Note
On the 1H we can see a nice breakout of the resistance zone and a strong bullish retest. If it breaks out of the channel as well, I'll take a buy.
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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.