Long

USDCAD: Potential Pullback Trade 🇺🇸🇨🇦

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USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame.

To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range.
You need an hourly candle close above that to confirm the breakout.

They buy aggressively or on a retest.
Your goal will be 1.2668

In case the price breaks the support of the range,
the setup will be invalid.

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Note

Check my new idea on USDCAD:

USDCAD: Update & The Things to Watch Today 🇺🇸🇨🇦

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