VladimirRibakov

USDCAD Buy With The Breakoug

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Pair has broken the H4 trend line and it has created hidden bullish divergence. There is already bullish divergence on the H1 chart as well. Conservative long entry would be to wait for the down trend line to be broken to the upside along with last high at 1.2880. Buying pullbacks afterwards should be a good idea aiming last swing high around 1.3000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.