Michael_KM
Long

USDCAD Potential Long opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
POTENTIAL CYPHER PATTERN
USDCAD             has been following a downtrend recently. However looking at the daily timeframe we are pulling towards a major support level . This presents the opportunity to go long on this pair. I will be looking for signs of oversold conditions.
ENTRY:1.2936
TARGET1: 1.3043
TARGET2: 1.3111
1:1 RISK TO REWARD ON FIRST TARGET
Trade closed: stop reached
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