As we can see from the chart the USDCAD has break through the 200 moving average which can also act as a trendline, bounce back to 1.3280 but still below the trendline and suggesting the bear still in control.
If we miss the opportunity to short back then we can start shorting now or wait and compound when the ...
Another great time for long opportunity for EURCAD
As mention on the chart, the buy opportunity has triggered since the time price broke up the triangle pattern
1ST TP: 1.5400
2ND TP: 1.5890
HAPPY TRADING :)
Price has been ranging since last year and break the ranging price on wednesday
Suggest for buy opportunity between now or limit at 0.6865
SL : 0.6600
1ST TP: 0.7250
2ND TP: 0.7450
As the price continue to break up and create new high, then the trade can compound with another buy position toward TP