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ScottMescudiForex

USDCAD : RETRACEMENT IS DEARLY DUE

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ScottMescudiForex Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadlong usdcadforecast usdcadbuy usdcaddaily usdcadanalysis
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trendanalysis chartpattern indicator usdcad usdcadlong usdcadforecast usdcadbuy usdcaddaily usdcadanalysis
Hi traders!

USDCAD has been falling like rock for quite some time now. It is due to correct itself if it wants to continue this fall. I aim for a 0.5 FIB retracement for this analysis.

RSI AND MACD begging for a correction up before dying as indicators for life!!

Trade safe!
Trade active:
USDCAD LONG

Entry : 1.25147
SL : 1.24159
TP : 1.28753
Comment:
I forgot to mention that there is a little divergence on the RSI (its kinda forming as we speak)
Trade closed: stop reached:
SL touched when FOMC statement got out.

Loss here.
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