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Piphunter1887

Long opportunity on USDCAD

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Piphunter1887  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Trend Analysis USDCAD usdcadlong
1
0
chartpattern trendanalysis usdcad usdcadlong
USDCAD reacts to a support level. Opportunity to buy? Only time will tell if this play works out.

Please see reason below.

1) USDCAD in an uptrend with key swing highs and lows
2) Support level shows to be respected
3) Moving back towards an uptrend

1:1.5 Risk to Reward targeted


Happy Hunting!
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