USDCAD (Daily) - Long
Daily: consilidation triangle so market is ranging
1) 62 EMA period currently acting as a support line
2) Stochastic indicator showing pair as oversold
4-hour chart:
1) falling wedge formed during downtrend, reveral signal, so next move is up
2) stochastic indicator has left oversold conditions
3) morning star bullish candles formed
1) 62 EMA period currently acting as a support line
2) Stochastic indicator showing pair as oversold
4-hour chart:
1) falling wedge formed during downtrend, reveral signal, so next move is up
2) stochastic indicator has left oversold conditions
3) morning star bullish candles formed
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