Fxprotrader

USDCAD Watch For a Buy Setup at Sliding Parallel

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
In my previous post in USDCAD my view was bearish at a resistance level which never held, and price broke above it. We now have a buy opportunity, seeing price retracing into a corrective structure to previous resistance, now support. Any buy setup completion based on your strategy will be a nice trade opportunity.
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.