USDCAD possible Long opportunity

27 gen 2019

In the last month the USDCAD has created a double bottom in the significant price reverse area that has been tested many times in the past. The price of the USDCAD is getting close to this area again and that means that the price should bounce Long, when it gets there. RSI is Oversold. The confirmation of this trade would be the cross of the MACD at -0.004 down to -0.0075. I would suggest placing the Stop of this trade at the lowest level of the price in the 16. of november 2018. I wish you a good luck with your trading :) .