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VladimirRibakov
May 31, 2018 12:39 PM

USDCAD Buy Idea Short

U.S. Dollar/Canadian DollarFXCM

Description

D1 - Price is nearing the uptrend line, if we didn’t get a valid breakout here then there is a good possibility that the price might respect this trend line and move higher.

In that case there is a good chance that the price might move higher until it reaches the magnet zone.

H4 - Price reached the bottom of the range, we have multiple trend lines and also we have hidden bullish divergence.

H1 - Bullish divergence. Once we get reversal signs and confirmations we can start looking for buys.

Invalidation: This buy setup is valid as long as 1.28 holds.
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