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arieg1985

Potential Long Position for USD/CAD_Trade Plan 2017.01.12

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
arieg1985  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Support and Resistance USDCAD LONG tradeplan swingtrade
2
0
trendanalysis chartpattern supportandresistance usdcad long tradeplan swingtrade
snapshot

Daily Chart shows that price is still supported with the current Up Trendline which is confluenced with its EMA50.
In H4 for the last 3 days, price succeeded breaks above resistance area 1.27850 - 1.28200 after massively rejected up from Daily Support around 1.26700 - 1.26900 level.

To follow the current up momentum, wait for the next pull back to previous resistance now turns to support around 1.27850 - 1.28200 level.
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