aftabfx

USDCAD long opportunity on daily chart

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
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.

https://youtu.be/vlwq7tTmivM

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