USDCAD Potential USDCAD long opportunity. I really like this one because we are nearing some major support and the bottom section of an ascending channel. I also think that we can expect a decrease/pullback in oil which would decrease the demand for the CAD. Fundamentally speaking I feel this is the correct direction due to the talk of a US interest rate hike and the abundant supply of oil. I am looking price action to indicate the reversal on a 4 hr time frame. Swing trade for this one in my opinion.
Disclaimer: I do not know what I am doing. Trade your plan not mine. Due your due diligence.
Comments
Kasty
⋅
Exited off of previous day R1. Looking for more opportunities to enter a long position. If the channel is broken however I will be looking at potential short opportunities.
Kasty
⋅
Just bounced off of daily pivot. Now entered long. Trade your plan guys.
Exited off of previous day R1. Looking for more opportunities to enter a long position. If the channel is broken however I will be looking at potential short opportunities.