Breakout of range coming for the USDCAD.

It's been a painful week looking at the dollar cad trade within this tight range but hang out tight, a breakout is coming sooner than you will expect. Price may continue to trade in a range within the channel but expect to see a break out soon! If you're not already in the long, you can consider placing one at these levels and a stop loss at the 1.266 level otherwise you can take one of the two strategies.

1. Wait for price to breakout of the range and enter on the pullback
2. Enter when price tests the bottom of the range