USD/CAD signal for increasing

09.01.2017 / 01:26

Rating:

USD/CAD 09.01.2017

Time frame D1

Long-term uptrend, higher tops and higher bottoms. The price has reached the lower part of the up channel, which gives us opportunity for a long position.

Price action signal: Pin bar at levels of horizontal support and FiBo 38.2

CCI(50) - Turning in zone of overbought , when break level -100, the positive scenario will be confirmed.

SL: 1.3130

Alternative scenario: If the price goes below FiBo 38.2 and SMA 200, the positive scenario will be dismissed.

Jr_trader_B_Arabadzhiev

Varchev Traders

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USD/CAD signal for increasing

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