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okoukonicharles
Jul 28, 2022 1:48 PM

USDCAD Long Trade Idea Long

U.S. Dollar/Canadian DollarFXCM

Description

There's been a long trade opportunity on the dollar-loonie trading chart, following the fake breakout of the price below the 1.28194 horizontal support level.

This signals a buy because of the bullish harami candlestick pattern; with the bullish candle closing above the same support level.

You can enter the trade around the 1.28294 price level and set your stop below the fakeout candles. Your profit target can be anywhere between your entry price and the 1.32000 psychological level.

Have fun trading!
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