USDCAD hitting the support of channel | A good long opportunity
Priceline of US Dollar / Canadian Dollar forex pair is moving within an up channel and now hitting the channel's support.
Volume profile of complete channel is showing less interest of traders at channel's support
But MACD is strong bearish and Stochastic is strong bearish so i would suggest if the MACD turns weak bearish or Stochastic gives bull cross then buy or take the long position.
I have used Fibonacci sequence to set the sell targets:
Sell between: 1.33413 to 1.35527
Regards,
Atif Akbar (moon333)
Volume profile of complete channel is showing less interest of traders at channel's support
But MACD is strong bearish and Stochastic is strong bearish so i would suggest if the MACD turns weak bearish or Stochastic gives bull cross then buy or take the long position.
I have used Fibonacci sequence to set the sell targets:
Sell between: 1.33413 to 1.35527
Regards,
Atif Akbar (moon333)
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