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PoppaJons

USDCAD LONG

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
PoppaJons  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Harmonic Patterns USDCAD usdcadlong Bullish Patterns Forex
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trendanalysis chartpattern harmonicpatterns usdcad usdcadlong bullish forex
USDCAD had an impulse bull run and corrected about half of it, then started forming higher lows and higher highs shaping an incomplete ascending triangle and an inverted HS pattern, signaling another bullish run.

If USD CAD begins a bullish phase, it should break through the previous high of around 1.2745 and then test the previous resistance levels of 1.285 from around Feb 1st.
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