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VladimirRibakov

USDCAD Buy Idea

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
VladimirRibakov  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Trend Lines Multiple Time Frame Analysis USDCAD buy Bullish Patterns triplecycle range pullback bullishtrendpattern
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trendanalysis trendline mtfa usdcad buy bullish triplecycle range pullback bullishtrendpattern
W1 - After a triple cycle, currently it looks like a retrace is happening in the form of a range pattern.

Price has reached the 38.2% - 50% fibonacci retracement zone.

H4 - Downtrend line breakout, looks like the pullback that we are looking for happened.

H1 - Bullish trend pattern, we may now look for bullish setups with more bullish evidences in order to join the buys.
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