USD/CAD:
Date: 9 April, 2017
W1: Long Trend
Price made a correction down to Fib 38.2% and it started to up again. The horizontal at 1.300, support did held the fall of the price and we might see long up move. The diagonal support also held the price. Price also remains above the 50 EMA and both moving averages are in bullish formation.
DEM: Still not in the overbought zone
Alternative scenario: If the price continue to fall and passes below the 1.3340 and the diagonal suppor, this will cancel the bullish setup.
Price for entry long around: 1.338
SL: 1.3300
Trader - S. Fuchedzhiev
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