hchang1030

USDCAD Long Good Support

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
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0
Good buy at 0.98515. Stop Loss at 0.9827 which is support from a while back (several times last August and September) . First point of resistance comes at 0.9900, so conservative play is to close half of your position at 0.9897 and then target is 0.9918 (a bit under 0.9920).

This gives basically 2:1 risk:reward at the 0.9900 level, and close to 3:1 risk:reward at the 0.9920 level.

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