A #long trade opportunity recently presented itself on the #dollarloonie (#USDCAD) #trading chart 📈.
This is indicated by the #bullish harami candlestick 🕯️ pattern on the 1.36204 horizontal support level.
This indicates a fakeout of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 1.38500 psychological level and possibly testing the strength of the 1.38706 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
This is indicated by the #bullish harami candlestick 🕯️ pattern on the 1.36204 horizontal support level.
This indicates a fakeout of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 1.38500 psychological level and possibly testing the strength of the 1.38706 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair