Long

Daily correction on USD/CAD

Updated

We need a daily correction on USD/CAD as we can see we had nice support on previous levels and forming a nice doji (hammer) candle . Watch the entry before ISM manufacturing news of USD . risk to reward 2.5

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watch on 4H frame a possible head and shoulder pattern for re entry if you missed out . I am watching price to come back at 1.3108 and re enter

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also on 1H time frame we can see the 110 EMA acting ass support while we have the 20 EMA crossing the 50 EMA

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we can now see clearly the right soulder ( also a small bull flag ) lets see if we have the pattern continuation to the upside

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multiple negative news on USD and positive news on CAD and still the price hasn't broke our resistance line . i will exprect the price to head to our target on the nfp news !

Pavlos_FXtrade

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