USDCADPrice is above 200ema = up trend
Bounce taking place off trend line
Bullish engulfing candle forming
Price is on short term support
My idea is to enter at market price 1.32096
SL below lows @ 1.31545
TP @ recent high 1.33110 (provisional and may be extended)
Always exercise healthy risk management
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.