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Theto_Morifi

USDCAD Long Idea

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Theto_Morifi Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
12
0
trendanalysis chartpattern waveanalysis
Lovely UCAD formation. After bouncing for a third time on the lower marked stong
Support zone, it gives me confirmation for a possible third touch of the descending
trendline above.

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Comment:
Price reversed to form a double bottom and confirmed the rise of UCAD. I entered the trade upon the retest of level 1.39400, and target 1 has been reached.
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