Chinedumnweke

USDCAD long position entry point

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
It will be better to wait for a pullback into previous lows, after doubletop, before taking a long position. That way, you can get a favorable risk to reward, Especially if you are a sniper trader. You may choose to trial your stop along the way to TP area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.