Long USDCAD
Took a long position today, maybe a bit early. Corrective move in the final C wave down that I have as an ending diagonal. Target for the ending diagonal is 1.30, that lines up with the 61.8% retrace of the move up. So risking a bit under that (1.295) for a stab to AT LEAST the point where the diagonal began (1.40). 1 to 3 risk reward ration.
Further upside on this pair if confirmed.
Further upside on this pair if confirmed.
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.