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tarati.lorenzo

USDCAD - Potential Long

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
tarati.lorenzo Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
Trading Plan with LT
Counter Trend Trading

  • Price Action: Price has been in a downtrend from March 2020 till today. If the big money are still looking to sell the US dollar or buy the Canadian dollar then we will need some buyers into the market.
  • Fundamental:
  • Technical: Last week candlestick has form a bullish hammer or inverted hammer which makes us believe that buyers are coming in. We can look at next week candle to fill in the week.

Manage it well
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Comment:
Daily Chart Analysis
snapshot
Comment:
4hour Chart Analysis
Price might be coming down lower to induce sellers for us to buy.
snapshot
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