USDCAD has bounced back from 1.2700 support level as expected. In fact, it has created a double bottom at that support area , and now is trading at 1.28500
A long is recommended at market price or at a lower level such as 1. 2800
Stop loss under 1. 2750
Two targets for taking profit: 1.3000 and 1.3200
Trade closed: target reached:
Target 1 reached at 1.3000.