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USDCAD Long opportunity

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    5th April - USDCAD - Long I have been trying to pinpoint USDCAD long for some time now. It kept printing lower. Looking at daily charts, USDCAD is sitting at a major support. The level marked at the chart below was pretty responsive in the past. Traders could use this opportunity to pile in orders around this level. I will be looking for long setup with target around 1.3750. This is 50% retrecement of the recent down move. The long setup will depend on the price printing higher high first.

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