USDCAD trade idea
Buy Entry @ 1.20750
Stop loss @ 1.20400
Target Price @ 1.21750
RRR : 2.86
Buy trigger
USDCAD has been in consolidation for the past week, but making higher lows forming a flag pattern.
In view of the upcoming economic news release this week (NFP,etc.) my bias for the pair is long.
Positive data from the US will trigger a bullish move for USDCAD.
Stop loss is at 1.20400 a break in this level will drag the pair down and continue in its downtrend until 1.2000
Buy Entry @ 1.20750
Stop loss @ 1.20400
Target Price @ 1.21750
RRR : 2.86
Buy trigger
USDCAD has been in consolidation for the past week, but making higher lows forming a flag pattern.
In view of the upcoming economic news release this week (NFP,etc.) my bias for the pair is long.
Positive data from the US will trigger a bullish move for USDCAD.
Stop loss is at 1.20400 a break in this level will drag the pair down and continue in its downtrend until 1.2000