TimStuyts
Long

USDCAD added another buy

FX:USDCAD   U.S. Dollar / Canadian Dollar
371 0 17
For my previous post with first entries and context see link below:

USDCAD             has been good for us this summer and so far it is good for us again. We saw a 'Flat' correction with a spike lower during the speech of Yellen.

This spike exactly tested the low of last month. This is one of the market dynamic aspects we have to take into consideration. Once we saw the bounce I entered long again with a third position.

Once we see a consolidation I will be looking for another buy opportunity.
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Comment:
snapshot
Comment: Although price is moving lower in a pretty steep angle I expect a reversal soon. We are testing the July lows again and I like to buy USDCAD after divergence by means of a 1-2-3 reversal pattern.
snapshot
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