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TheTradingDistrict

USDCAD Longs if breakout

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
TheTradingDistrict Updated   
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns thetradingdistrict technical USDCAD usdcadlong
2
0
trendanalysis chartpattern thetradingdistrict technical usdcad usdcadlong
Price is currently pressing key level resistance @ ~1.33400 on the daily time frame. If price breaks and hold above this level, we can expect a push upwards. Let's wait for confirmation as always.

Find entry above the breakout around our resistance zone. I will be looking for a bullish daily candle holding our key level resistance. Potential 70-160 pip move.

TP 1: 1.34200
TP 2: 1.353330
SL: 1.32850
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