SamKent
Long

USD/CAD Breakout Trade

FX:USDCAD   U.S. Dollar/Canadian Dollar
265 0 7
The USD/CAD             30M chart looks to have broken the sideways corrective movement to the upside. This on the back of the 100 SMA and a bullish RSI reading. We're interested buyers, with an impulsive-corrective-impulsive sequence as our trading concept, our target area for this next bullish impulse is around the weekly R2 pivot zone. Our risk-to-reward on the position will be slightly over 2.5 to 1.
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