JackLesko
Long

USDCAD - Potential Long After Recent Breakout

FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
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.
Aug 21
Trade closed: target reached
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