SamKent
Long

USD/CAD looking for long entry

FX:USDCAD   U.S. Dollar / Canadian Dollar
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The USD/CAD is trading within a well structured ascending channel . We're looking for the pair to find some resistance at current prices, from both the descending trend-line as well as the kumo cloud. We'd like to buy the pair if it finds support back in the channel ascending support, with backup from momentum, possibly stochastic at the 50 equilibrium point. At that point we'd be interested, and we'll be looking for a kumo breakout+ breakout from the descending trend-line, which would trigger us long, aiming to the upper channel line area.
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