Looking to long USDCAD for a climb back up after a huge push downwards. I am not feeling that it can be sustained, and interestingly enough it stopped dead in it's tracks at major supports from 2015. Let's take the ride back up.
Here's your entry:
ENTRY: 1.302-1.305
SL:1.30050
TP:1.31720
As always, manage your risk and everything will be alright. This trade brings a 4:1 R:R ratio giving us a good return with price looking to carry on in our favor.
Best,
ForexNick