Sell on a level breakthrough of 1.2900 with 1.2850 target. Stop loss = 1.2950.
Reason for the trading strategy
Last Friday, the ambiguous statistics on Canada's labor market was published. In September, the unemployment rate in the country increased from 7% to 7.1%, and employment increased by 12.1 thousand. However, after the publication of the weekly statistics on the number of oil rigs in the US, which fell by 8 to 606, the Loonie resumed its growth.