Sable
Long

Long Term Trade

FX:USDCAD   U.S. Dollar/Canadian Dollar
This is a long term trade, and I'm expecting it to look a little something like this.

Take a buy at the very bottom of the channel possibly hitting tomorrow during news event, I expect it will test that area one more time, and I will ride the wave of pips all the way to the top of the Channel.

Long term trade possibly multiple days and multiple weeks.

Please do your own analysis.

Taking a buy at the very bottom of the channel makes this a LOW risk and HIGH reward trade for me.
lacounet
4 months ago
really good analysis,makes sense to me too .. lots of hesitation on the USD CAD lately.. consolidation.. it appears the uptrend is resuming. price crossed weekly moving average.. etc. we'll see
thanks for sharing..
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