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USDCAD READY FOR STRONG RECOVERY

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
Charts247TradingAcademy Atualizado   
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns Wave Analysis USDCAD usdcadlong Technical Analysis pricebehaviour
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trendanalysis chartpattern waveanalysis usdcad usdcadlong technicalanalysis pricebehaviour

We have been watching this one very closely, Canadian Dollar has been very strong in recent days even with the strong Dollar on Friday, price continued to trade lower below the Momentum low. On Friday, some positive news for USD but bad reaction in USDCAD which suggests the pattern hasn't been completed.
The way to look at this is very simple, Think like a Fundamentalist, Trade like a Technician. The fundamentals are Positive towards USD, but technically we must wait for failure to make a lower low.
We have seen a failure from a lower time frame, and the invitation is accepted to go long from current level.
BUY @ 1.3095
SL: @1.3080
Target@ 1.3374
Trade ativo
Comentário:
Price back above the momentum low. More buyers
Comentário:
Price acceptance just above the Momentum Low.
snapshot
Comentário:
snapshot
USDCAD still printing higher low from momentum low.
Trade fechado manualmente:
More strength into CAD.
+89Pips
Aviso legal

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