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cvfxwealth
Feb 4, 2021 4:23 AM

USDCAD Consolidation Buy Signal Long

USD/CADOANDA

Description

USDCAD overextended to the southside and looking for a reversal. We have a down trendline break to the north side and price seems to be consolidating.

Look to enter at the bottom of this channel and take profits at the top for a 100 pip range opportunity. I'd advise buying only and not selling as a breakout north is expected.


Good luck and let me know if I can help in any way.

Charles V
CVFX Management
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