ginfrix

USDCAD to break 1.21300 resistance

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
NFP trade idea
The upcoming NFP and Canada Unemployment rate are the catalyst for friday's movement.

My bias is toward the USD, NFP is expected to have a positive data in favor of the USD.

Trade Idea

Buy Entry: 1.2120
TP 1.22050
SL 1.20900

Buy Trigger
Move catalyst NFP expected to have positive data for USD
Price supported by EMA 20 pointing up
Risk Reward Ratio 2+

Stop loss at 1.20900 a break in this level could take the pair down to 1.2000 level

Comments

Nice analysis, thanks 🦐
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