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BrandonGillespie
Feb 21, 2021 4:31 PM

USDCAD LONG IDEA Long

U.S. Dollar/Canadian DollarFXCM

Description

Seeing price rejection about 4 times on the 4hr chart and we can see some sort of double bottom forming. Be looking for an entry just above the key level around 1.26400 area, but we need to wait for confirmation of a closed candle above the level. First target would be around 1.26800 area and then if it can hold above i can see it going up to around 1.27100 area. Risk Reward is 3 to 1. As always this is my own analysis and only an idea
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