ForexDailyUpdate
Long

USDCAD: Quick Pop and Resistance

FX:USDCAD   U.S. Dollar/Canadian Dollar
We have a trend that has retraced to a 0.382 indicating a trend -continuation. We're likely to see our daily resistance tested once more to give us a double-top for a nice SELL opportunity OR break through the resistance level and double-bottom on the 'now' support and rally.

Currently we're at a poor R-R ratio to enter so wait to test resistance level to ride price action!

Happy Trading!
Trade active
Trade closed: stop reached: Target Reached. Good trading!!
duble top please!! :D
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We've confirmed the breakout and going LONG... Stops for the LONG position are going to be at 1.30200, which is were we have minor daily resistance. Should be an easy 75pips.
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