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EthanHarrison
Aug 4, 2018 4:01 AM

USD/CAD  Long

U.S. Dollar/Canadian DollarFXCM

Description

The daily/monthly time frame seems to be interacting with the trend line and the RSI indicates a possibles upcoming reversal. The price keeps continuing its higher low trend pattern, and in due course when the candles interact with the trend line , a buy option could be initiated.

- if the price continues to move below the 1.3000 mark then we can wait for further confirmation of a pullback
- RSI also shows to be oversold
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