Potential USDCAD Reversal
The USDCAD has established a strong down trend into a descending channel pattern. Im not a fan of counter tend trades but looking at this setup warrants some interest. A break above 1.2751 creates a slight opportunity for a short term "bullish reversal trade."
Conformation:
-RSI move above 50-line
-Stochastic makes a bullish cross
Conformation:
-RSI move above 50-line
-Stochastic makes a bullish cross
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