USD/CAD: 15.06.2017
Our expectations: False breakthrough of diagonal and horizontal support with a price action signal for a likely increase.
Alternative Scenario: If the price returns under diagonal support, we may see a breakthrough and a new downward movement.
Comments: Upward trend, adjustment to support levels where we can position long.
50/200MA: 50 over 200 bullish moods
Price action: pin bar and fake breakthrough support - strong bullish signal
DeM(14) has rotated below 0.03 which gives us a turn signal in the direction of the price
The CCI(50) rotates from the over-sold market area - a positive signal
SL: 1.31450
Trader I. Ivanov
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