USDCAD: Long entry after the breakout
Hey traders,
On the USDCAD daily chart we can see that we have broken the blue structure bar earlier this week. I'm now looking for a retracement back to this area and enter from there. The target will be a completed AB=CD pattern, which lines up with previous structure on the daily timeframe.
Entry: 1.35773
Stop: 1.34902
Target: 1.37880 = R:RR 2.42
Good luck traders! I will be updating this chart as time progresses.
On the USDCAD daily chart we can see that we have broken the blue structure bar earlier this week. I'm now looking for a retracement back to this area and enter from there. The target will be a completed AB=CD pattern, which lines up with previous structure on the daily timeframe.
Entry: 1.35773
Stop: 1.34902
Target: 1.37880 = R:RR 2.42
Good luck traders! I will be updating this chart as time progresses.
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