amanpaulbhogal
Long

Long opportunity on USD/CAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Today's low test bar bounce on the 20 ema suggests a continuation of trend. Price has rejected and found support at ~1.0937. Price has also sharply risen above 50% retracement and is looking to close above the 38.2% Fibonacci level. Convergence on the Stochastic and RSI is pleasantly favourable.

entry - above today's low test bar

stop - below today's low test bar

target - at or above previous high (1.272 or 1.618 Fibonacci extension )
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