USDCAD Buy
Continuing to ride this most recent upswing (forming Sep 13- now).
Movement is breakout from ascending triangle as well as a cup & handle formation (Jul14 - Sep 15)
Set SL just below a level of support, that coincides w/ .236 fibonacci level.
SAR, DBB, and MA Ribbon all suggest buy on 4h and Day timeframes.
3:1 RRR, w/ TP below 0.236 retracement level.
Movement is breakout from ascending triangle as well as a cup & handle formation (Jul14 - Sep 15)
Set SL just below a level of support, that coincides w/ .236 fibonacci level.
SAR, DBB, and MA Ribbon all suggest buy on 4h and Day timeframes.
3:1 RRR, w/ TP below 0.236 retracement level.
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.