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USD / CAD: Opportunities for long positions

USD / CAD: 4h. chart  – upward movement

Price above horizontal support

Price action: pin bar on support – possible increase

indicators:

50 / 200MA: 50 above 200 – long trend

DeM: rotates from over sold market – a positive signal

CCI (50): better signal for long when passing over  0

SL: 1.34126

Alternative scenario: If the price crosses below the horizontal support that can spoil the positive trend and see new bearish momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


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