Long USD/CAD @ 0.9890 (I am already long from 0.9865)
SL: Either 0.9850 or 0.9790 for added safety.
TP: 1.0060, or hold a few weeks and go for 1.0220.
r:r Risk 40 for 150, or 100 for 330
Bullish convergence on the 4 hr is slowly starting to materialize.
4 hr MACD has bottomed out.
On the hourly 0.9980 was rejected and is small support now.
All indicators on the 4 hr pointing north.
Fundamentals also support this trade.
Risk: 5%, since in my book this is a no-brainer.
As soon as 0.9905 is taken out, it is safe to put SL @ BE and add more to the trade with lower risk % like 2%.
If 0.9970 is taken out, I will put SL in the profit zone and add more longs.