USDCAD has shown a upward trend over the past few months and now it seems like a good place to long with NFP and a probable FED hike upcoming to drive the dollar upwards. It missed my original entry so I'm watching to see if it plays along to my set up and subsequently look for shorter intraday trades will the price is moving upwards. I usually don't wait for confirmation as you will already be too late. However, I visualize the many different scenarios that may occur and place my stops where I believe I will be wrong if it hits.
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Back at entry but be patient we this.