SimpleTradingTechniques

USDCAD Upset Breakout - BULLISH Strategy

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is in a ranging market with expectation of an upset breakout. This upset expectation is on the bases that there is a trade setup on this candlestick and price test the upper range two time already.

Go long the USDCAD if it trades at 1.3187 or higher. If triggered, place your stop at 1.2996 and exit the position for a profit at 1.3333 or at your own discretion. (Always invest wisely).
Trade active
Comment:
Protect your position for this trade idea by moving your stop loss to 1.3177.

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