Usdcad

USDCAD
Good day traders:
We watch price action in rectangle area-1.3130 ....1.3104 for possible buy set up.
Stop loss may be at 1.3090
As always we need confirmation to enter a buy.
Do your analyze and use stop loss .
Risk 2%.
Do not forget best positions are those we have a plan for it :
Where to enter?
Why?
What is approach?
Where to exit?
How to manage position.
Where is price right now and what scenario may be in place?
Some times best option is to not enter a trade , you need to understand this too.
Have a good day