Today I attempted to buy USDCAD with a stop-loss at 1.3685 and a take-profit at 1.3711. After reaching a certain low on the M15 timeframe, USDCAD saw a significant buying reaction. A candlestick with a long lower tail indicated price rejection at that low.
My open buy position on USDCAD hit my stop-loss, resulting in a loss of $0.95. Looking at USDCAD's movement today, it's likely to continue rising, as it's still moving above the 200-day moving average (MA200) on the 15-day moving average (TF).