Await another breakout on USD/CAD
The pair had a false breakout and managed to recover above the uptrend line. There was a weird weakness on USD on other pairs when that happened. 1.317 area is a strong resistance which confluences with .786 FIB retracement.
I look to enter short when the price falls below the trendline.
SL @ 1.318
TP1: .618 retracement @ 1.3135
TP2: .382 retracement @ 1.309
I look to enter short when the price falls below the trendline.
SL @ 1.318
TP1: .618 retracement @ 1.3135
TP2: .382 retracement @ 1.309
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