USDCAD is bullish after range breakout
After reaching Head and shoulders pattern target mentioned in the idea below, we can see a clear range breakout with high volume to tell that a new low could be formed and a new rising wave could be in process.
Trade: Buy USDCAD 1.2630
TP1 1.2730
TP2 1.2800
SL at 1.2520
Trade: Buy USDCAD 1.2630
TP1 1.2730
TP2 1.2800
SL at 1.2520
Note
First TP hit at 1.2730, +100 pips gained. you can book your profits here and move your SL to entry.Enjoy you risk-free ride :)
Trade closed: target reached
Second TP hit at 1.28, +170 pips gained.
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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.
Related publications
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.