USDCAD: Ascending Triangle & Long Trade

Long

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

Trend Analysis Chart Patterns Pennant Forex canadiandollar CAD USD Technical Analysis DJ FXCM Index USD (US Dollar) signal signalservice

trendanalysis chartpattern pennant forex canadiandollar cad usd technicalanalysis usdollar usd-us-dollar signal signalservice

snapshot

hey guys,

classic example of a trend following setup on usdcad.
the price is recovering after a shart bearish rally and we are now trading in a local bullish trend.

the price has just broken above the resistance line of the ascending triangle formation.
best entry will be on its retest, to catch the next impulse.

next goal - 1.3105

good luck!

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about EURCAD 15

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