USD/CAD Potential Long Setup
Price is in a weird bit of a range and currently at a support, on the 4HR it is busy forming a nice double bottom, I will wait for the breakout and the 4HR candle close above the neckline to buy the retrace.
The support area the Price is forming the 4HR double bottom on is also the Daily 200 EMA support, this confluence area makes me more confident in the long setup.
Break even for the trade will be placed at around 1.34889, if price breaks out of the neckline and hits my breakeven point, or it goes down and sets a new lower low I will consider this trade setup invalid.
This is not a signal and any feedback will be greatly appreciated. #OPINIONLEADER#
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