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Elemont
Aug 30, 2018 8:38 AM

USDCAD BULLISH CORRECTION Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD is building bullish momentum on major support, we expect a corrective bullish run to begin on the H4.
- MACD upwards momentum
- Bounce off support
- Has met previous down range

Targets:
1) 1.2970 - 38.2% Fibs
2) 1.2995 - 50% Fibs
3) 1.302 - 61.8% Fibs

SL:
1.2899 - Just below support

Trade closed: target reached

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