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rizpqe

USDCAD Buy Idea, Bullish reversal?

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
rizpqe  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Technical Indicators Trend Analysis USDCAD usdcadlong usdcadanalysis Forex buyzone longsetup risky analysis Fibonacci Retracement
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indicator trendanalysis usdcad usdcadlong usdcadanalysis forex buyzone longsetup risky analysis fibonacciretracement
Strong bearish rally makes this reversal unlikely. However, the opportunity is still out there. There are several confluences that give me this idea.

1 - Many buyers in this region according to volume profile.
2 - Fib 32.8%, at this region of support.
3 - It is a former support level.

Price could still keep pushing down however, be aware of that.
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