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CFTG

USDCAD - Possible Long

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
CFTG  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Double Top or Bottom USDCAD Forex tarrierfuture
2
0
trendanalysis doubletoporbottom usdcad forex tarrierfuture
As per price-volume analysis, It was noted that USD could be gaining some momentum while CAD might be losing some steam.
The probability of our setup is complemented by some Divergence on the H1 Chart as well as a current double bottom.
Our approach to this trade will be the following:

Possible Gain:
TP1: 140 pips
TP2: 225 pips
Possible Loss: 80 PIPS (x2)

Good luck :-)
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