This is a long on the USD CAD. Price on the daily has been in a nice uptrend since the start of October. It has not retraced back to the bottom trendline and into some previous resistance now support. Prices could go up from here with a nice move into some weekly support.
My only concern with this is yesterdays large bearish candle on the daily which go us down to the trendline which is why today it would be nice to see a doji or nice rejection candle.
My only concern with this is yesterdays large bearish candle on the daily which go us down to the trendline which is why today it would be nice to see a doji or nice rejection candle.