Elliottwave Analysis: USDCAD, Long at spot for 1.3067

USDCAD closed back above daily Ichimoku cloud.

As discussed, close above 1.2823 should be a short term bullish sign.

We'll try to trade from the long side.

If the uptrend could resume, today should not close below 1.2840.

USDCAD Trade Idea: (Spot 1.2869)

①Buy           @ market   SL @1.2795  Take Profit @ 1.3067

②Buy Limit @ 1.2848   SL @1.2795  Take Profit @ 1.3166

(Reduce on daily close below 1.2840)

Intraday Trade Idea:

Sell Latentinterest Order:  1.3005

Click on the image to enlarge

USDCAD CHART

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Views are my own, not trading recommendations.