USDCAD - Daily Long for FX:USDCAD by ALS_FOREX_90

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Nice setup here. wait for pus to the upside of resistance, enter on price action confirmation at its trend-line/support ( Double bottom entry)

We could see a break to the upside, followed by a deeper re-test of monthly Support @ 1.28000, so it is essential we wait for price action confirmation at the trendline/support a Bullish engulfing candle close/significant Pinbar will do.

Tighter SL can be adopted here, if we see a clean push & exhaustion move. ensure SL is below the 61.8% fib on entry if we see a move like the above projection.