USD started the week on a slightly higher note. Here’s a potential long trade for the USDCAD currency pair:
Breaking above the linear regression line (the middle red dashed line) indicating a move upward toward the upper bound of the channel. I used fibonacci retracement levels in order to set my take profit which is slightly lesser than my Stop Loss, however I sometimes take trades like this if the odds are in my favour based on my strategy.
Let’s wait and see!