Stop!Loss|Market View: USDCAD

🙌 Stop!Loss team welcomes you❗️
In this post, we're going to talk about the near-term outlook for the USDCAD currency pair☝️

Potential trade setup:
🔔Entry level: 1.40312
💰TP: 1.41455
⛔️SL: 1.39707

"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
👇In the comments👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts.

💬 Description: The focus on the accumulation area of ​​1.40240 - 1.40655 remains despite the breakout of its lower border. We are currently most likely observing the formation of a false breakout. The main scenario is the price closing above 1.40240 again, thereby forming a false breakout. Buy trades towards 1.41000 and 1.42000 can be actively looked for in this case. A more conservative option is to look for a buy trade via a breakout of the upper border of 1.40655.

Thanks for your support 🚀
Profits for all ✅

❗️Updates on this idea can be found below👇