Πέμπτη 18 Φεβρουαρίου 2016

Technical Analysis USD/CAD

Possible massive double bottom forming on the H4 chart that targets above 1.42000 in future. BUY usdcad as near as you can on the double bottom pattern at 1.36600/1.36500 with a 40 pip stop looking for 1.38100 initially then 1.40000 followed by a final 1.41250/1.42800 target to the correction. Intraday support comes in at around 1.3630/1.35900. Resistance starts at 1.37400/1.38100 (61.8% resistance).

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