USDCAD WAIT FOR CORRECTION THEN LONG

17 Ara 2016

This an update to the chart linked below
The pair have bounced back into the Daily channel and is probably going back to the top

As previously suggested wait for the pull back - 32.8, 50 or 61.8 fib level then go long

I'll post an update on a lower timescale early next week

Hope this helps
Steve

17 Ara 2016

Not

Just to be clear about this - we never know what the market is going to do - I'm not predicting here, I'm saying "if the price corrects" it would be a good place to enter long because you can get in at good risk to reward.

The price could just continue upward without a correction but it isn't possible to enter the trade if it does so.