Possible setup happening on the daily timeframe. I am expecting a pullback between 1.29500 & 1.29700 then any signs of a potential reversal. Usually after strong moves up you will get the market to come back almost 100% of the impulse move. Looking at my possible target 1.26200. Wait for confirmation of a reversal "if" it pulls back, if not, regardless 1.26200 seems where USDCAD is headed.
Hope this helps. If yah wish to have other currency pairs analyzed, feel free to just comment below. Happy Trading.
Trade active
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Trade is still active. S/L has been moved higher due to the daily timeframe. NFP might actually give this the push this needs to go lower and a nice 4hr setup as well. I will keep holding as we are already in profits $$$$$$. Happy Trading
Trade closed: stop reached
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Trade was closed, market hit our SL at breakeven so we did take atleast some small profits.