Looks like the Canadian dollar has been in a crazy downtrend for quite some time but because of the price action I see printing on this powerful zone(4HR ZONE), it looks like a high probability setup for a long position. I think targets are extremely important for this trade to be successful so is it important to not be greedy my friend. Find the nearest zone of support and be happy with the risk:reward as long as its 1:2.
Trade closed: target reached:
Another good setup! Could have possibly waited for entry after close of 2 bullish candlesticks but definitely getting better at recognizing chart patterns.