fan_hamadi

USDCAD Long opportunities!

Long
CAPITALCOM:USDCAD   U.S. Dollar / Canadian Dollar
UC has been in an UPTREND for most of this year.

I am personally interested in two areas; if one doesn't work out, i'll retry on the second. if that doesn't work out either, then it is what it is, it just a matter of risk management and psychology.

The first area is a combination of 4H SUPPORT and a 50 4H EMA and is a 38.2% Fib retracement,
The second area is mix of a TRENDLINE and 1D SUPPORT and a 68.2% Fib retracement.

The idea also has a preference of USD over the CAD, Fundamentally speaking
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.