Joruski

USDCAD price forecast

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Waiting to see something close to this before taking a long position in this pair. We saw a massive push to downside to the H1 lower trendline where price has only touched twice and thus indicating a possible uptrend continuation.
But then again, I connected the other highs with the red trendline and it gives me a possibility of price pushing downwards to that trendline indicated with the green eclipse.
Thats why I will only enter the trade if it gives me the confirmation I am waiting. with 2 targets as shown

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.