FX:USDCAD   U.S. Dollar/Canadian Dollar
39 0 5
Hi traders,

Hope you guys are having a great weekend so far. I'm back analysing some charts good for this week.

Currently looking at USDCAD             . Price finally took a turn after 9 days of falling. PLUS we have a bullish engulfing candle on the daily chart . That being said, i look for this pair to go higher after some retracements. I may be a tough one as USD seems to be very berish after the fed minutes and everyone is waiting for Yellen's speech on friday.

I will plan to go long at the .50 fib level at (1.28281) with SL at 1.2794 (~-40pp) with TP 1.2986 (~150pp)
Small risk as this may go down if oil             continues to rally.

All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
Order cancelled: Price didn't retrace to a lower level for me to go long, wanted to get a better price but it moved up without me. On to the next one!
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out