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TomProTrader

USDCAD 240 buy setup.

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TomProTrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
16
0
Hi guys, hope you're having a good trading week.

USDCAD looks good for a buy setup. USDCAD has had a pullback on the 4 hour, and is now accumulating, with bulls recently showing new demand for the pair, igniting a bullish engulfing signal and showing the very real possibility of a bull engulfing signal.

Best regards,
Tom_Killick
Comment:
Nice up move, after some downside pressure on the daily candle open. This shows a clear buying pressure continuing out of accumulation. I strongly expect more upside on this one. Use your tested trading strategy to find the setup and trade this move.

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