ForexPortal

USDCAD Short or Long?? :-)

FX:USDCAD   U.S. Dollar / Canadian Dollar
6
Highlighted in yellow is really just a textbook Price Action Signal, this is really where you want to be trading textbook knowledge. The Bullish Pinbar signals major rejection from the market and a possible move to the upside. To add more confluence there is a Bullish Divergence that has formed, the only thing wrong here is trading opposite to the path of least resistance which is really just trading against the trend of which we do not recommend for freshman. This is just a drop in the ocean of how we do things here at Forex Portal. Trade With Care :-)
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