After moving up to new multi-year highs last week, the USD/CAD has pulled back to a trendline that is currently offering support.
After moving up to new multi-year highs last week, the USD/CAD has pulled back to a trendline that is currently offering support. Using trendlines like this can result in a low risk trading opportunity by using a fairly tight protective sell stop placed below the trendline. Targets should be set at twice that risk for our 1:2 risk:reward ratio.
