LDForex_

USDCAD- Two Potential Long Position Set Ups?

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
If there is another strong bullish candle then this can be a good breakout trade! It will be a good long position with a potential risk to reward of 1:2.
The EMA's are also showing bullish signals which gives me a good confluences.
As a bonus we could also enter another long position at the reversal.
Let's see whats what happens at the end of Friday.
Comment: Price went the opposite way and it was a double top formation which showed bearish momentum.