We are looking for the USDCAD to continue it's recent uptrend. On the 4 hour chart it's forming a nice triangle pattern, we would like to see a close above this triangle before initiating our long position.
Targets will be the figure of 1.34000, 1.34500 and the figure of 1.35000. Our stop will be placed with a break of the lower trendline of this triangle. If this pair closes below the lower trendline of the triangle the signal will be null and void.
Targets will be the figure of 1.34000, 1.34500 and the figure of 1.35000. Our stop will be placed with a break of the lower trendline of this triangle. If this pair closes below the lower trendline of the triangle the signal will be null and void.