USDCAD LONG / Expecting a solid reversal for the 38.2% fib!
Normally we are day traders... but in some cases we do leave trades over night. - This is one of those trades.
USDCAD is showing excellent indications of a reversal.
RSI over-sold.
2m - Contraction
38.2% fib lines up with a support level
USDCAD is showing excellent indications of a reversal.
RSI over-sold.
2m - Contraction
38.2% fib lines up with a support level
Trade closed: target reached
tp reached, but strong indications of 161.8% being reached too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.