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USDCAD Long for OANDA:USDCAD by lovestein

Here is another beautiful image of USDCAD . In a bigger time frame, USDCAD is on a huge downtrend but lately, it rose up until 1.29500 we can consider it as a correction. Now we can see an uptrend parallel channel here, as you can see it just checked bottom line with very long wick it may be telling us that sellers are exhausted at this time plus we are on fibonacci 0.38 resistance. Generally we are looking forward to long on USDCAD with plenty of confirmations! if you are looking forward to use my idea, please manage the risks.


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