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Elliot_Myers

USDCAD Ascending Triangle - Buy Set Up

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Elliot_Myers  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD USD CAD tradeyourplan ideas analysis
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usdcad usd cad-dollar tradeyourplan ideas analysis
Poor employment data out of Canada and weak oil are helping to firm the dollar.

The pair is now approaching a critical point in the triangle formation. We expect a break upwards towards a key reversal point at 61.80% (1.38403).

Potential entry at 1.31411.
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