USDCAD Long structure with entry trade!

17 août 2023

Good morning traders, while observing USDCAD, I've noticed how the price is clearly trending upwards, and this has been confirmed by the breakout of a higher swing at the 1.3490 level. After that breakout, the price retraced, retesting that level until touching the bullish trendline. From there, a strong impulse started towards the 1.3580 level as the first target, and the second target is set at the price level of 1.3650. Before entering, I will wait for a further bounce on the trendline at the 1.3503 level. Let me know your thoughts, as your support is vital to our work. Regards, Nicola, CEO of Forex48 Trading Academy.