mohsenfx

USDCAD : waiting for Breakout

mohsenfx Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
after breaking a strong bearish trend line and having a pullback on it , currently price is in the middle of two support and resistance zones .
if it breakout and close above resistance zone we could expect it a good bullish move. if it fails we wait for reversal confirmation and trade in a formed channel until it breaks.
don't forget to like and leave me a comment , thank you.
Trade closed: target reached:
reachd target! 220 pips , your reward for being patient!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.