USD/CAD - Long on daily close
USD/CAD is forming a hammer on the daily as it apporached the 50 EMA.
It has also formed an inside bar on the 4 hour chart which is a continuation pattern which is currently bullish.
Price has been stuck in this range for a while now so I'm hoping for a well overdue break out north.
I am looking for a long position to 1.2900 with the stop just below todays candle.
It has also formed an inside bar on the 4 hour chart which is a continuation pattern which is currently bullish.
Price has been stuck in this range for a while now so I'm hoping for a well overdue break out north.
I am looking for a long position to 1.2900 with the stop just below todays candle.