LONG trade analysis on USDCAD.
Graph is looking bullish from lower support of Consolidation Box up to 4h resistance zone. Price was recently consolidating in Box and is about to break out. Since on larger chart is clearly seen Ascending Triangle I expect bullish pressure. Bullish Engulfing Candle indicates buy on chart as well. Trade idea is also shown on RSI indicator.
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Graph is looking bullish from lower support of Consolidation Box up to 4h resistance zone. Price was recently consolidating in Box and is about to break out. Since on larger chart is clearly seen Ascending Triangle I expect bullish pressure. Bullish Engulfing Candle indicates buy on chart as well. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.