USDCAD - Potential Long After Recent Breakout
Not financial advice.
- Go long around 1.316
- Take profit at any resistance point thereafter or according to the fib retracements depending on your trading strategy/style
- Set a relatively tight stop around 1.31 according to your risk management
Personally i'm going to be aiming for the 61.80 golden ratio around 1.335 with a stop at 1.31.
With the DXY continuing its uptrend as of mid April, this could be a factor to consider to support this long idea.
- Go long around 1.316
- Take profit at any resistance point thereafter or according to the fib retracements depending on your trading strategy/style
- Set a relatively tight stop around 1.31 according to your risk management
Personally i'm going to be aiming for the 61.80 golden ratio around 1.335 with a stop at 1.31.
With the DXY continuing its uptrend as of mid April, this could be a factor to consider to support this long idea.
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