USDCAD Buy
The big question here is have we missed the breakout? It's made its mark again on the Asian session, this was one to watch as we had a lot of tests of resistance on this pair.
We have now seen a 40+ pip breakout but will it continue?
The UK market liked it so far but its always risky going with the break once it has happened for a few hours.
I've decided to go long entering on the break up the charts around 1.3580 area and have set my TP around the 1.3610 area, last weeks previous high and just below the 0.5 Fib level.
If I'm wrong then we will continue to trade the bearish channel once again
We have now seen a 40+ pip breakout but will it continue?
The UK market liked it so far but its always risky going with the break once it has happened for a few hours.
I've decided to go long entering on the break up the charts around 1.3580 area and have set my TP around the 1.3610 area, last weeks previous high and just below the 0.5 Fib level.
If I'm wrong then we will continue to trade the bearish channel once again
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.