darbova

USDCAD Ready to Move to the Upside?

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
I've been looking to swing USDCAD all the way up for a while now but it wasn't quite ready for it. However, there's a clear channel visible on the 4H that can provide us with the perfect opportunity. We will get confirmation for buys once price breaks and holds above the channel; extra confirmation when price breaks and holds above the upper pink zone. Updates to follow.
Comment: It's tapped the top trendline and then bounced off of it again... Jobless claims are being released later so we shall see if this is the final push that UC needs to head upwards (results are predicted to be better than expected for the USD)
Comment: We've broken above the trend and supply zone but i missed it lol, gonna wait for a retracement and then enter