jojofang0901

USDCAD LONG SETUP, BREAKOUT FROM WEDGE

Long
jojofang0901 Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Hi everyone:

Nice potential pullback can be happening here on USDCAD. We can see on the 4 hr chart the price action is over extended and in need of a pullback. The price action is currently forming a falling wedge, a reversal potential to the upside.

Potential target at 1.2800, 38.20% retracement on the daily chart.

Thank you for your support and feedback.

JoJo
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