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danresdidualfx

Intraday setup: USD/CAD analysis

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
danresdidualfx  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators retracement technical_analysis reversal spikes Fibonacci Retracement triplebottom
3
0
trendanalysis chartpattern indicator retracement technical_analysis reversal spikes fibonacciretracement triplebottom
focusing on the smaller time frame, the price has created its 3rd drive into that consolidation zone, the price has overextended into a key psych region. Am expecting a retracement towards the 1.32500 area
- Also, GDP for CAD is expected to be lower than previous stat, that could be the catalyst for the price to pick up momentum

great risk/reward of 1:4
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