Loonie to see profit here? Ichimoku- Long trade idea for USD/CAD
This pair had a nice bullish breakout after being stuck in consolidation for a short time. I am looking for a slight drawback to around the 1.2744 level to look for a chance to enter a buy, if support holds there. I am targeting 1.2800 as my TP level, which coincides with a previous strong area of support/resistance. If our bullish confirmations change to bearish or if support doesn't hold at my entry level, this setup may become invalidated.