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Long

USD/CAD - Long from support

FX:USDCAD   U.S. Dollar/Canadian Dollar
Engulfing bar from descending trend line . Look for long from support level or 20 EMA. Watch price action for an entry order around either of those levels.

Please note TP should be at the descending trend line . Overall this is a bearish triangle and we may say a reversal in the trend if price breaks the support or at least a push down to the .618 Fib level.
This trade has played out as suspected. Keep an eye on the TP levels as the descending trend line may prove as strong resistance.
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