TheSignalyst

USDCAD potential bullish reversal

Long
FX:USDCAD   Dollaro / Dollaro canadese
on DAILY: USDCAD is sitting inside a strong support area in orange, and almost filled the previous GAP, so we will be looking for objective buy setups on lower timeframes.

on M30:

Short-term: we are waiting for a new swing to form around our blue trendline to consider it valid and enter on its break upward.

Long-term (conservative): we are waiting for a new swing to form around our red trendline to consider it valid and enter on its break upward.

we also have a regular bullish divergence on MACD adding more confluence to our buy setup.

Meanwhile, USDCAD would be overall bearish , until a buy setup is activated.

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.