Watch out for USD/CAD - Channel provides buying opportunity? Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Aug 19, 2019 11:17 AM

Hi guys, the USDCAD pair is trading inside a rising channel and has reached the lower channel support in today's trade.

The level aligns with the 61.8% Fib level, and the RSI is printing a slight hidden bullish divergence (the RSI bottomed before the price.)

The 4-hour candle looks like buyers are gaining power again.

Follow this pair, it could reveal a buy opportunity.

Trade closed: target reached

⋅ Aug 20, 2019 6:01 PM

Our profit-target has been reached.

Comments

transparent-fx

⋅ Aug 19, 2019 11:21 AM

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