RyanXavier

USD/CAD LONGS

Long
RyanXavier Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
On the Daily TF we've been having a series of higher highs and higher lows, It looks to be that cad can have a further push to the upside all the way to me desired target of 1.27750. Should we remain above where price currently stands at 1.26600 in the daily perspective we can see cad rise above to my target soon.
Comment:
Moving down to the current 4H TF, we can see that we've failed to break 1.26500 forming lows and retesting support, a previous bullish engulfing pattern and a tap of a 61.8 region relative to the lows at 1.25850. With that being said lets see what happens and have a great weekend!

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.