We have reached our profit target on Friday after USD/CAD made the bounce we expected perfectly. We look to sell on strength below 1.3240 which is a strong graphical resistance line and the Bollinger band resistance on the 4H chart. Stochastics is approaching the 92% resistance soon but still has some potential to rise before it turns down.
Trading Recommendations :
Sell below 1.3240.
Stop loss at 1.3385.
Take profit at 1.3090.