Thinking the usdcad is going to break/gap the weaker support trend line and head for the overall trend line drawn from the daily chart. This is if the price does break and close beneath the support level. if not, it looks like it will continue to rise based on the daily chart and the 100 EMA. Just my thoughts of course. Feedback very much welcome.
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NOTE: It looks like my overall trend line is not drawn on this chart, but it is right where the buy position is and the blue level of support.
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Update: Price eventually did break the support trend line and headed for the buy area that I had marked. *Second time using the platform but I think i should have extended the buy zone* Will see how it turns out, looking at the charts it's a high take profit so trade may take longer than expected
Trade closed: target reached:
Take profit hit.