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aftabfx

USDCAD long opportunity on daily chart

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
aftabfx  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD Daily Charts Trend Lines breakout LONG opportunity 500pips profit
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usdcad daily trendline breakout long opportunity 500pips profit
USDCAD on the daily chart is in a downward trend as you can see on the chart. What so interesting about this long opportunity is that price break and close above this daily trend line. Once a break and close above happened now I am looking for the price to retrace to that zone where It break the trend line. Now I can assume that this zone will become a possible support area. It can also make an ABCD pattern completion as seen on the chart and the C to D leg of the move will completes just around that daily resistance level.
Watch the video to understand this setup indepth.

youtu.be/vlwq7tTmivM
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