USDCAD Long

As we can see the pair formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.

As traders, we wait for a break out at the handle before entering a trade,

Please use proper risk management :

Here is a break down of your pip value in ZAR and Dollars

0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26

Please like and share for more useful content: