USDCAD OUTLOOK

١٣ أغسطس ٢٠١٨

USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) and the 1-hour cycle is bullish against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair and prefer staying long from 1.297 equal legs area with a risk free trade.

BUY USDCAD

@1.3100/1.3120

target: 1.3300
Stop loss: 1.3050

Good luck !