Fxprotrader
Long

USDCAD Potential Buy Setup

FX:USDCAD   U.S. Dollar/Canadian Dollar
183 2 11
After breaking a long term key level, price is about to pullback for a correction. A divergence with MACD shows that this move to the down is losing steam. Breaking the trendline we should look for a smaller correction and then go long. Price will probably reach the long term level and test it before go south once again. Although this is a counter trend setup it's still a very good one as a correction after the breakout is expected.

Long term key level breakout:
snapshot
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waterman
11 months ago
Price fell down without b/o and now at a round number 1.30. But still bulls can keep some hope considering crude retreat at 61.8
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Fxprotrader PRO waterman
11 months ago
We have a different structure to this now. I will post soon..
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