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CharlieGunner

Possible USDCAD Long Opportunity

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
CharlieGunner  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
USDCAD just broke out of s descending channel to the upside, with current price level looking like a resistance zone. I expect to see USDCAD retesting the descending channel at the 1.26000 support zone, creating a bullish trend continuation. Entry 1.26000, Stops at 1.25500, Targets at 1.27500 and 1.28500 and 1.29500 respectfully.

N.B Ideas are subjective, further analysis advised.
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