mikeeofficial
Long

USDCAD Possible Long-Term Trade

FX_IDC:USDCAD   US DOLLAR / CANADIAN DOLLAR
I can see very clearly a massive resistance/support zone which was broken and now is being retested with a beautiful candlestick rejection, Monday formed very nice low test rejecting 0.5 level as well as new long term support level .
I will wait for further deceleration and for Tuesday`s intra-day signs of bullish momentum coming in. This analysis doesn't mean it will happen for sure because anything can happen in the market and nothing is certain.
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