USDCAD Bullish idea Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Apr 17, 2021 10:06 PM

Hello Friends,

USDCAD showing there is a pattern having its A and B leg completed, now moving for its C leg up. There is an immediate resistance at the confluence point of its channel shown in the chart of 2 hr.

What do you all think?

Thanks

Comments

exploration

⋅ Apr 17, 2021 11:28 PM

The 50 EMA may keep price from moving up. It getting more interesting that it is going to break out of consolidation and go somewhere soon.