garhi86

USDCAD possible long

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
22 views
2
i was watching this pair last week and will bu looking to possibly go long to 1.3700.
i feel cad may be stalling and looking to go lower however i feel we may touch 1.3700 first or at least maybe climb above the previous higher high by even a few pips.
we found support around 1.3190 so i will be monitoring price action and awaiting a breakout before entry.

On the 8H we have tested 78.60% fib 3 times and rejected now.

Will all depend on the price action and where market opens etc but should be able to see a good 1:2.5 risk reward if it comes through.

Good luck !