USDCAD: Buy dips toward 1.2713

Yue Wang LinoCapital

USDCAD closed back above daily Ichimoku kijun-Sen.

Last week also closed above weekly 20 period MA.

The uptrend indicates it is an abc correction from 1.3124.

Over time, another 5 wave rally could be expected.

Directly close below 1.2520 will negative this view.

USDCAD Trade Idea

① Buy Limit @ 1.2713 SL @ 1.2580 Take Profit @ 1.3166

② Buy Limit @ 1.2677 SL @ 1.2580 Take Profit @ 1.3166

Click on the image to enlarge

Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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