Long entry on USD/CAD, price found a large area of support on weekly chart also supported by the 200 SMA. bearish candles on daily weakening as sellers started to fade out into the support zone. We had the break of the down-trend on the 4 hr with the important strong break ad close with a bullish candle above the 20 SMA which was my final signal to enter a long trade, with a split position of 2 x 0.5% risk. This is because I have a target on half the position at 1.2763 but will trail my stop and ride the trend on the 2nd position using the MA's if price moves accordingly. My total initial exposure is 1% with a risk: reward on 1st position of 4.33. Price was helped along by data showing that U.S. second-quarter growth reached the fastest pace in two years on stronger household spending and a bigger gain in business investment.