USDCAD 4HR Long Trade
Trade what we see:
Price was trading sideways using fib levels to determine short term direction.
Fundamentally the USD is still bullish and we have GDP and NFPs this week to contend with.
Price has broken the daily bearish trend line and buyers have entered the market.
We've pushed passed the 71.8% retracement and now looking for TP at the 1.2 extension level.
Price was trading sideways using fib levels to determine short term direction.
Fundamentally the USD is still bullish and we have GDP and NFPs this week to contend with.
Price has broken the daily bearish trend line and buyers have entered the market.
We've pushed passed the 71.8% retracement and now looking for TP at the 1.2 extension 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.