TiaanC
Long

Simple potential opportunity for long on USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
What we have is a very simple (yet very clean) example of an ascending triangle pattern. We must first wait for the pattern's completion before entering a position. If the price breaks out and closes above the 1.32839 resistance area a long opportunity presents itself. The breakout range has been set to the same size as the base (6.73%) and stop loss placed just beneath the resistance level .
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