Don't miss this one on USDCAD

Jul 28, 2016

Being ranging for couple of weeks and squeezed in the triangle the price has finally showed us where it wants to go. We've had a massive break above the triangle and now retracing/retesting the level as resistance. So many confluences on the higher time frames showing the bullish bias and it's a perfect opportunity to be with the trend! So according to the rules of the graphic patterns trading, we will have our target at around 1.39000 level which is a confluence with our weekly ascending trend line. We might see some struggle at 1.33180 level as it's out monthly key resistance, so if we'll have an opportunity to enter in this trade today make sure that you'll have your trade at breakeven when the price will be approaching that level.