USDCAD is still bearish as it continues to make lower lows and lower highs. We've had a recent break of support to the downside and now retracing to previous price levels. Adjusting our entry slightly above previous support gives us good risk/reward and a chance to catch more downside in this pair.
Thanks for looking!
Price action is about halfway to our target - now is a good time to move stops above the recently structure highs
Stops moved to breakeven
Trade closed: target reached:
Target hit for +300 pips!