Jaegher
Long

USD/CAD LONG Set-up

FX:USDCAD   U.S. Dollar/Canadian Dollar
18 0 3
The daily chart of USD/CAD             shows a clear respect of the trendline . If the last down wave is to be counted as wave 4, we could be seeing the start of wave 5 right now. An oversold level in the stochastics would make us expect a downward price action in the next couple of days. SL would be just below the trendline .
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