Tradeciety
Long

Reversal in the making

FX:USDCAD   U.S. Dollar / Canadian Dollar
139 1 5
1.257 is a major level on the (check the left weekly chart).

On the 4H (right chart) we see a classic reversal pattern: divergence, break of the moving average and higher lows.

If the moving averge holds, we can expect further bullishess. A break of the moving average would cancle the trade idea.

The scenario on the Dollar Index             supports the scenario.
let us place long order around 1.2600
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