USDCAD is in a ranging market with expectation of an upset breakout. This upset expectation is on the bases that there is a trade setup on this candlestick and price test the upper range three time already.
Go long the USDCAD if it trades at 1.3254 or higher. If triggered, place your stop at 1.3156 and exit the position for a profit at 1.3322 or at your own discretion. (Always invest wisely).
In this trade idea you don’t get the following:
1. How to identify the trade setup 2. How to identify short term trend 3. How to protect gains in your trade 4. Market deciding price exit for big moves in the market 5. Money management 6. Buy/Sell line which let you know when to buy or when to sell 7. Rules of gap opening
Trade active
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today look like the day for this pair to breakout of the range and close above the upper range which will be confirm of upset move.
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Protect your position for this trade idea by moving your stop loss to 1.3244.