The market is slowing pushing it's way up, if you are already in the trade from the previous idea the safest take profit would be the 1st one, but it's looking like it will possibly go up into the range high, either to test or a possible breakout! Right now we will be looking for a retracement around the TP 1/2 and then look to buy again!
Disclaimer: this is an idea, trade off it at your own risk
USD CAD has just made a false breakout and has made a strong move up and broke out of the 4H trend, it has also reached above the 200 EMA line.
We should be waiting for the retracement as it approaches the 50% - 61% fib area and look for the perfect buy in that zone (140 - 260 PIPS in Profit)
Then we...
Look for buys , especially in the support area of the triangle and get ready for that breakout ! If it breaks support from the triangle wait for retracement or wait until the bearish movement reverses and get that buy order in! BITKUB:DOGETHB
