USDCAD Strong BUY RISKREWARD: 1:4.89

USDCAD is expected to go back up into the control price.
RISKREWARD: 1:4.89

• Moving Average indicates that current trend is up
  
  Ichimoku cloud conversion line and base line indicate an upcoming uptrend
  
  Price is in the Buy area
  
  Prices are hovering above the 61.18 fib level
  
  Price is bouncing on counter trend line
  

Note: will only take this trade if oscillator indicates oversold.

Commento:

OLDER CHARTS, LEARNING HOW TO MARKUP CHARTS