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chartreader_pro
Mar 3, 2019 5:44 PM

USDCAD H4 Technical Overview: Buy The Pullback Long

U.S. Dollar/Canadian DollarFXCM

Description

- Medium-term bearish trend line is broken.
- BoC Monetary Policy Statement and Interest Rate Decision on Wednesday. / Forecast: Remains Unchanged
- U.S and Canada Labor Market data on Friday.

Note: If Crude prices break below 55, weight on CAD can be accelerated.

Bearish Butterfly on smaller charts. Testing Fib 1.618 Ext.

Buy the potential pullback and buy the breakout of the resistance.

Good Luck
Comments
FXCM
Thanks for sharing that, I agree with your bullish view on it as well:

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