USDCAD DAILY SETUP.
-Price is currently in a bullish channel with price making clear higher highs and higher lows as shown
-Price also has reacted of the 78.6% Fibonacci retracement area
- Added confluence also is the weekly resistance turnt support at the 1.32 region which price has currently rejected off
-Pin bar also formed of the Weekly Support which indicated sellers leaving the market which should entice buyers to enter.
good risk reward on this trade
RISK - 1%
REWARD - 3%
-Price is currently in a bullish channel with price making clear higher highs and higher lows as shown
-Price also has reacted of the 78.6% Fibonacci retracement area
- Added confluence also is the weekly resistance turnt support at the 1.32 region which price has currently rejected off
-Pin bar also formed of the Weekly Support which indicated sellers leaving the market which should entice buyers to enter.
good risk reward on this trade
RISK - 1%
REWARD - 3%