Looking into trading USDCAD, this pair has turned bullish on the intraday. At the moment this is a short term long. Im am expecting price to sweep past the most recent highs. Trade entry could trigger in the next few hours.
Entry time frame will be in the comments
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Looking for price to retrace down into this zone. at this time pending order is set. Will update if order is cancelled
Trade active
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sitting at roughly 2.5RR so far, Breakeven can be set once we break above 1.36960. Im expecting a pull back to occur back into the entry point area.
At the time if the trade continues and SL is not hit, i am targeting 12RR at 1.37380 and TP2 of 1.37900