forexnick

USDCAD LONG - TESTING 2015 SUPPORT LEVELS

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking to long USDCAD for a climb back up after a huge push downwards. I am not feeling that it can be sustained, and interestingly enough it stopped dead in it's tracks at major supports from 2015. Let's take the ride back up.

Here's your entry:

ENTRY: 1.302-1.305
SL:1.30050
TP:1.31720

As always, manage your risk and everything will be alright. This trade brings a 4:1 R:R ratio giving us a good return with price looking to carry on in our favor.


Best,
ForexNick

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