Basit-Abdul
Long

USDCAD - POTENTIAL BUY!!

FX:USDCAD   U.S. Dollar / Canadian Dollar
Despite the retracement move that occurred earlier today, I think it is safe to say that the impulse move could possibly come sooner rather than later.

Currently the market has reached the bottom of the Trend Line and as well as a key zone which had been used as a support in recent times. There is further confluence when we consider the fact that the market has bounced off the Fibonacci Level 0.382 as well as the fact that the pair is considerably low on RSI .

In terms of entry, this can either be an instant entry or a further bullish indication can be anticipated.
Trade active: TP1 - 50Pips achieved + 1 more trade still running.

Could I hit 100Pips?
Trade closed manually

Comments

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