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.