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Cenotaph
Jul 24, 2016 9:38 AM

USDCAD Buy after retracement Long

U.S. Dollar/Canadian DollarFXCM

Description

1) Bull Triangle forming on major price level 1.312
2) Pitchfork suggest more up movement expected (reversal to median)
3) Wait for reversal around 1.3 price level for a good entry to long (see coming week how this develops)

The sign are go for a bullish move somewhere next week or the week after. It looks to reverse around the SR zone first, so wait for a better entry to buy.

Be aware of USD news and CAD news coming week.

Good trading all!
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