TradingView
MjuniEugine
Aug 18, 2019 6:36 PM

USDCAD Long

U.S. Dollar/Canadian DollarFXCM

Description

Price appears to be moving in the upward channel, and shorting towards the lower line of a trend-line, and it will long from it. The estimated turning point can be seen as a red line (0.618 fib level) in correspondent /confluence with the support zone.
Comments
theyfollowme
I noticed your trendlines are fixed. Look up dynamic TL’s. The shadows, body, and volume matter. In my opinion, that uptrend has already been broken and retested twice on the weekly with huge rejections. Trade what you see and not what you think
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