Get started
Basit-Abdul

USDCAD BUY - STRUCTURAL TRADE

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Basit-Abdul Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Beyond Technical Analysis Chart Patterns buysignal DXY dollarindex
6
2
trendanalysis beyondta chartpattern buysignal dxy dollarindex
Trade based on the following:

- HH and HL formations
- Current market is on a Pivot Fibonacci level in which it could potentially serve as support
- Dollar Index shows signs of strengthening
- Pair seems like it's retraced and is awaiting an impulse/bullish move
Trade active:
After being stopped out, I had re-entered.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.