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Forex_League_Analysis

USDCAD 30min Analysis December 28th, 2020

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Forex_League_Analysis  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis
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trendanalysis
We can see price is starting to form a double bottom at our key structure zone. For us to look long we need to see price break out of the resistance trend line and above the 30min 200MA around 1.2860. We will then look for a retest and a clear HL to form above 1.2860. Enter on bullish engulfing/variations.
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