Yesterday, we were looking at the dip in USD/CAD as an opportunity to for buyers who believe it is in a bullish continuation mode. The bullish continuation scenario is based on the fact that price recently broke above November's falling channel, and the fact that USD/CAD has a bullish trend since July. USD/CAD Pulling Back; Buy-on-Dip Opportunity Ahead USD/CAD 4H Chart 12/2 (click to enlarge) We looked at a trade plan to buy at 1.1325 with a stop at 1.1275 and a target of 1.1450. This was based on the fact that there is a support cluster between 1.1290 and 1.1325. The trade plan provided a 2.5:1 reward to risk ratio.As we get into the 12/2 US session, traders appear to be all about the bullish continuation scenario pushing USD above 1.14. At this point, we should probably move our stop-loss to lock in a minimal gain in the unlikely case USD/CAD reverses to form a double top and head to the base around 1.12.