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Pavlos_FXtrade

Daily correction on USD/CAD

Viés de alta
Dólar Americano/Dólar Canadense (OANDA:USDCAD)  
Pavlos_FXtrade Atualizado   
OANDA:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns
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trendanalysis chartpattern
We need a daily correction on USD/CAD as we can see we had nice support on previous levels and forming a nice doji (hammer) candle . Watch the entry before ISM manufacturing news of USD . risk to reward 2.5
Comentário:
watch on 4H frame a possible head and shoulder pattern for re entry if you missed out . I am watching price to come back at 1.3108 and re enter
Comentário:
also on 1H time frame we can see the 110 EMA acting ass support while we have the 20 EMA crossing the 50 EMA
Comentário:
we can now see clearly the right soulder ( also a small bull flag ) lets see if we have the pattern continuation to the upside
Comentário:
multiple negative news on USD and positive news on CAD and still the price hasn't broke our resistance line . i will exprect the price to head to our target on the nfp news !
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