FX:USDCAD   U.S. Dollar / Canadian Dollar
- Nice downtrend on the daily chart

- Yesterdays candle closed as an inverted hammer

- Also top of the hammer touched the resistance line and bounced off

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Comments

I could be wrong, but just trying to point out some things you may not have noticed.



- Price has been following a strong uptrend.
- Price is above the 200 MVA so technically we should be looking for buying opportunities.
- Stochastics is giving the buy signal.
- Heiken Ashi has no tails indicating the bullish trend is strong. (It has increased the last 3 days now.)
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jfny jfny
Here's a better picture:
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