Signal Title: Breakout Signal
Currency Pair: USD/CAD
Signal Type: Buy
Entry Point: Break above resistance at 1.3535 AND RETEST
Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645
Stop Loss: Set stop loss at below swing low
Timeframe: 4-hour chart
Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity.
Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips)
Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.
Currency Pair: USD/CAD
Signal Type: Buy
Entry Point: Break above resistance at 1.3535 AND RETEST
Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645
Stop Loss: Set stop loss at below swing low
Timeframe: 4-hour chart
Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity.
Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips)
Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.