rkarara

POSSIBLE TREND CONTINUATION TRADE - USDCAD - 4 HOUR CHART

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
SEE PICS BELOW FOR FULL VIEW

DAILY CHART
- 1.31594 level has been tested as S/R multiple of times (looking left)
- price is an overall uptrend
- current price action is a short pullback to a key level

4 HOUR CHART
- price in uptrend (confluence with daily chart )
- previous candle was a nice rejection candle
- 78.6 fib level supports the 1.31594 level matching perfectly

TARGET
- looking for a retest or a break of the daily level (red line) 1.32530