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Trend_Analyst
Mar 29, 2019 8:16 AM

USDCAD Awaiting Breakout Possible Long Set Up Long

U.S. Dollar/Canadian DollarFXCM

Description

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
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