USDCAD. Buy opportunity.

23 Ağu 2018

My last trade setup for this week. Price is currently sitting at the ascending trend line of an ascending channel. That's a reason for a buy, since this pair is clearly still in an uptrend and this might be the higher low. Also price is currently in a bullish flag, and the conservative way to trade this will be to wait for the break of the bullish flag. The target will be at the top of the channel.
Reasons for trade:
1. Support at the ascending trend line of an ascending channel
2. Bullish flag