Possible trade setup on the USDCAD pair. Longer term up trend followed by a retracement down to the 1.06 area. Now we have a trend change on the Daily chart back in the direction of the longer term trend. Will buy a dip down at the big figure, 38% Fib, Weekly Pivot, and Daily Support level.
20 pip stop and a 100 pip profit target.
20 pip stop and a 100 pip profit target.