USDCAD: Will We See Longs Continue Off Of This Level? #Forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
745 10 15

We have come into an action zone for this pair. Will these longs continue off of this level?

Weekly tells us a nice story.

With USDCAD             rising and oil             expected to fall, this is an easy correlational trade you can get involved with, with a decent probability.

Best of luck,
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No position for now, but there appears to be some potential for a short IMO.
thank so much , please up date again
1 week ago.
+1 Reply
TomProTrader Yahia.Awes
you mean 3 days ago, so you bought on a Friday...
Yahia.Awes TomProTrader
That idea is posted a week ago when most of the traders here called me crazy :D
TomProTrader Yahia.Awes
I posted a replica chart, whilst waiting for that TL hit, that sideways support is a obvious, yet good entry point. Anyone who called you crazy for assuming the major TL was not a valid long reference point are on crack ;)
TomProTrader TomProTrader
was a valid reference point*
Yahia.Awes TomProTrader
Excellent mate!
Already entered a rather during the Asia session (rather aggressive) but same reasoning as you, mostly because of the weekly chart! Thanks for your analysis on it Tom, great work! =D
+1 Reply
Yep, same for weekly, and crappy oil status!

Thanks :)
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