Breakout on USDCAD

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USDCAD Breakout Analysis
February 4, 2025
Technical Setup: Breakout Trade

Breakout confirmed after consolidation period
Previous resistance becoming support

Trade setup
Clear break above consolidation range
Strong momentum after breakout
Higher highs forming after breakout

Trade Opportunity

Entry: Support zone after break out
Stop Loss: Below breakout level
Targets: floating profit to catch major bullish trend

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