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CoreyStewartFX
Jan 8, 2017 11:19 AM

USDCAD LONG  Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD DAILY SETUP.

-Price is currently in a bullish channel with price making clear higher highs and higher lows as shown
-Price also has reacted of the 78.6% Fibonacci retracement area
- Added confluence also is the weekly resistance turnt support at the 1.32 region which price has currently rejected off
-Pin bar also formed of the Weekly Support which indicated sellers leaving the market which should entice buyers to enter.

good risk reward on this trade

RISK - 1%
REWARD - 3%
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