USDCAD Price Action Long

14 בנוב׳ 2014

USDCAD is at the bottom of its channel, and also in a 50-61.8 Fib zone from its recent swing low to high. Also, it is at key support level. I am targeting 1.1594 as that is the 1.27 fib extension, and also the length of the pole, as it is forming a bull flag. Major confluences in both entry and exits. Have a good weekend.