VladimirRibakov
Long

USDCAD Two Possible Buy Setups

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             is trading inside a channel/triangle on the D1 chart and it is currently near the up trend line of the formation.

On the H1 chart there are two possible scenarios to follow.

Scenario 1: Break above the down trend line, retrace and buy.

Scenario 2: False break of the last low, retrace and buy.

Protection should be placed below the last low to be created. For your first target use 1.2920. Second target 1.3020.

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