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!!
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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duble top please!! :D
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