Michael_Harding

USDCAD - Potential Long 4Hr

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Taking a look at the 4hr chart, we have several technical indications that we may begin to see some short-term bottoming action.

1. RSI showing strong bullish divergence.
2. Strong Bullish Engulfing Candle.

With that said, I think if we get a dip within the next several candles, that may present itself with a decent low risk long entry to the upside.

That's it - That's all
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