USDCAD: possible long opportunity

USDCAD is breaking the trendline formed since the beginning of this week.

On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away...

Stocks and oil are under pressure, thus risk-off is favorable for USD bulls.

Another USD long already opened.

Entering the position around 1.3560 (current level) with 1.3780 T/P and 1.35 S/L provides decent R:R=3.

Wait for confirmation and relevant price action on the lower time-frame before entering the position.

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Make your own analysis before entering position.

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