saml01

USD/CAD - Long Opportunity

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Top Down Approach:

Identified the weekly target which is the top resistance level @ 1.36495 - Blue
Identified the weekly strong uptrend = 4 touches
Identifiedweekly key level @ 1.33245

key level 1.33245 is keeping price below, not allowing the swing to upside of the uptrend challen
Daily confirms the above - only long this pair when daily candle closes above 1.33245 and the wick rejects

High Risk: Note the fakeouts to the left on daily, ensure R&R is tight and if not don't trade it!