Trend_Analyst

USDCAD Awaiting Breakout Possible Long Set Up

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking for a breakout from the triangle to the upside. Entry would be at 1.34700 once we have taken out the 7th of March high. Ideally we will see a bullish crossover on stochastic to confirm momentum is on our side.
Target 1 = 1.618 Fibonacci level
Target 2 = Projection from triangle measurement