Get started
GonzeeTrading

USDCAD Bullish possible trade

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
GonzeeTrading  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Lines Parallel Channel Multiple Time Frame Analysis Descending Channel bullishmomentum highprobability tripplebottom
2
1
trendline parallelchannel mtfa descendingchannel bullishmomentum highprobability tripplebottom
HTF (D) - The market has been in a bearish movement and now started to form an ascending channel.

HTF (4H) - Broke from a descending channel after touching 3 times into the bottom of the daily correction move, with a nice impulsive move out to the upside, indicating a good bullish opportunity.

LTF (1H) - The market now needs to show a nice correction pattern before continuing its bullish momentum.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.