alex.ofx
Long

USDCAD LONG PENNANT FORMATION

FX:USDCAD   U.S. Dollar/Canadian Dollar
48 0 1
Hi Guys,

Another pennant formation showing on the USDCAD             , long term price shows a downtrend (4H TF) and price is trading in a channel. If you don't know what is a pennant pattern, please check it out on the web. Lets see if the next FED meeting will push this pair higher and break out.

A good idea will be to buy at the break out +20 pips entry. This will show more bulls are in play.
SL about 50pips target will be about 100-200pips. or 1.35 area.

Please like and comment any ideas you have. Appreicate your support!

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