Good afternoon traders! A trading idea for the USD / CAD pair.
For the last 2 weeks, the quotes of the USD / CAD pair were trading within the values 1.35 and 1.356500. However, on Tuesday, a false breakout occurred on the lower border of the range:
Open long positions to increase the pair and update the upper border of the range. Such may also push the quotes past the level 1.37.
Follow the trading idea after a rollback, as shown in the chart. However, cancel it if the breakout occurs before the rollback.
The profitability of such a transaction is 1:1.
Good luck and control the risks!