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NoahXBorg
Oct 25, 2021 7:20 AM

USDCAD SELL idea Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has been making higher lows in the recent week, however I've noticed it has been trading in a consolidation

There are 2 entries here where the aggressive one is based on these confluences:
Retest of Trendline
Test of 61.8% Fib
Higher Low Created
Bullish Engulfing/Momentum Candle

Conservative entry would be on a break and retest of the consolidation box
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