FX:USDCAD   U.S. Dollar/Canadian Dollar
Here on the Daily chart of USD/CAD             we have a potential long position setup in the coming days.

The first green box indicates the previous structure resistance .
With this being a strong resistance area prior to it's break, we feel this should act and hold as strong structure support if we see a retracement.
There is also an added bonus of this area coming in at 1.28 physiological number.

Taking a Fibonacci we get a 0.382% coming in at 1.255 also at previous structure, thus giving us more confluence to look at getting long on this pair.

The candle formations are more visible on the 4h and 1h charts, however the previous structure is less viable hence the daily chart .

Have a great trading week.
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Good setup, i will follow
Thanks Tom for sharing,
+1 Reply
TomHall TOP dedi.irawan00
Thank you.
good . . .
+1 Reply
USDCAD bullish pattern
Thanks for chart
+1 Reply
TomHall TOP albertos
Good work mate, Let's hope it all plays out.
albertos TomHall
Good Tom
Great chart Tom! From a Canadian dollar/Oil correlation, I see Crude marking up to 56.51, which it last saw in the 7/2 timeframe; this is right in line with your second target.

Good trading to you!
+1 Reply
TomHall TOP smitheric1970
Thanks very much, best of luck.
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