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FX_CouchPotato

USDCAD Opportunity to enter LONG

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
FX_CouchPotato Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Technical Indicators
7
0
trendanalysis harmonicpatterns indicator
USDCAD

Pair is extremely oversold, currently hovering above the lower boundary of the channel, which is the support and solid horizontal level, indicator showing divergence.

Targeting upper boundary of the channel at 1.2490.

Stop at 1.2220
Comment:
The main move is unfolding, I am expecting some resistance at 1.24 before UC will test trend resistance line.
Trade closed: stop reached
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