KatlehoMaleka

USDCAD. Buy opportunity.

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
My last trade setup for this week. Price is currently sitting at the ascending trend line of an ascending channel . That's a reason for a buy, since this pair is clearly still in an uptrend and this might be the higher low. Also price is currently in a bullish flag , and the conservative way to trade this will be to wait for the break of the bullish flag . The target will be at the top of the channel.
Reasons for trade:
1. Support at the ascending trend line of an ascending channel
2. Bullish flag

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