Nice long opportunities for the week ahead on USD/CAD. Just be patient and allow price to close above 1.27826 to enter long. Keep an eye on USOIL as well as economic data released throughout the week relating to the CAD. However, I believe a close above 1.27826 is fair to assume that this pattern will work.
Trade 1 (RvR ratio 2:1 or lower depending on S/L) Entry: Close above 1.27826 S/L 1: 1.27427 S/L 2: X pips below D T/P: 1.28625
Trade 2 (RvR ratio 2:1) Entry: Close above 1.28625 S/L: 1.28225 T/P: 1.29435