Monitoring price action after USDCAD breakout from a long downward channel. However, confirmation, for me, comes if price closes on the 4H chart above 1.3274 price. For the moment this level is acting as a second line of resistance.
Trade closed: stop reached:
SL was reached. Price did break on the hourly timeframe but quickly came back down again and hit my tight stop loss, that's what their there for, literally stop losses.