Description
⋅ 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.