TradeHuntFx

USDCAD - Potential LONG setup

Panjang
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FX:USDCAD   Dolar A.S. / Dolar Kanada
This pair is showing BULLISH trending patterns, however we may be in for a retracement to create a new LH before moving higher

After trading the breakdown of the recent Double Top formation (4H) from recent highs @1.29000, this pair finds itself at a Major Level of support (1.28000) which if broken, could see the pair return to 1.25850. Here the price will be entering the GOLDEN RATIO ZONE where if BULLISH P.A is observed we may be able to enter LONG and catch the C-D LEG to new highs

More aggresive traders can trade the down move into this area but I would wait for clearer indication we are infact ready for the retracement
Komen:
Slowly working our way to ENTRY
Komen:
Support found @ 1.27000
Komen:
Can we finally break out of the TL????

Penafian

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