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USD/CAD Long Trading Opportunity

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
ForexWithTsanev  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators USDCAD usdcadlong usdcadanalysis usdcadforecast usdcadbuy
0
2
trendanalysis indicator usdcad usdcadlong usdcadanalysis usdcadforecast usdcadbuy
USD/CAD Long Trading Opportunity

1. The price closed above the Trend Magic Indicator line.
2. US Dollar Index DXY uptrend continues.
3. RSI indicates more uptrend power.
4. Retail trader data shows 62% of traders are net-short. Strong contrarian long signal.

SL - below the Trend Magic Indicator line
TP1 - 1.3690
TP2 - 1.3863

Keep It Simple and Always Trade With the Trend!

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