Here is my simple USDCAD long entry based off the current 1hr chart.
The bearish counter trendline was broken on Friday with a higher high being made. Price has now pulled back to retest the trendline and the fib 0.786 level.
I am looking to add to my current long position on USDCAD that I entered at the beginning of the month.
Profit target 1 is at the previous highs of this month at around 1.34680
Profit target 2 is long term at 1.3650
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Lovely bullish engulfing 1hr candle close now. Hopefully the momentum stays