joey.polk.12
Long

POSSIBLE USDCAD TRADE SETUP

FX:USDCAD   U.S. Dollar/Canadian Dollar
21 0 0
Possible trade setup on the USDCAD             pair. Longer term up trend followed by a retracement down to the 1.06 area. Now we have a trend change on the Daily chart back in the direction of the longer term trend. Will buy a dip down to the big figure, 38% Fib, Weekly Pivot, and Daily Support level.
30 pip stop and a 120 pip profit target.
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