TradingView
HugoMoulay
Dec 31, 2019 9:31 AM

USD/CAD Long

U.S. Dollar/Canadian DollarFXCM

Description

USD/CAD is currently at a 5month low, with the use of RSI(21), price action showcases that there is price sensitivity/reversal whenever RSI(21) hits ~35.8 (This can be evidenced in the following graph which exemplifies that over of the course of the last 5-month whenever RSI(21) hits ~35.8 there has been a reversal). Furthermore, T/P - 1.3167 & S/L - 1.3014

Moreover, if USD/CAD breaks below 1.3014 this would mark a bearish confirmation due to a Triangle pattern breakout.
Comments
transparent-fx
I will be monitoring as well, this is my analysis
More