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chillipowered
May 24, 2017 2:47 AM

USDCAD Long Long

U.S. Dollar/Canadian DollarFXCM

Description

Pair is undergoing some consolidation after a bear retrace following a recent bull move. Just moved above 200EMA on 15m chart, which leads me to believe we may be in for another bull run. Watch for good entry target around 1.36500 S/R level and stops around 1.35 for very good 4+ RR ratio. Could be the reentry I mentioned in the related idea.
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