FullTimeTrader

USDCAD- a good area to enter long (1.20000)

做多
FX:USDCAD   美元/加元
6
After this necessary retracement this pair must find a level to continue its bullish rally.

According to W1 chart analysis:

And D1 analisis i have many reasons to look to buy at this level:

1) fib overlapping
2) channel duplication
3) EMA 200 acting as support
4) trendline support
5) strong psycho numer 1.20000

You can place a buy limit order or wait for a confimation first.

Best regards.

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