USD/CAD: Doji Candle Hints Bulls are Reemerging
Strategy: Pending Long
USDCAD has pulled back from resistance at a falling trend line established from August 2009 to meet horizontal support at 1.0182. Prices have put in a long-legged Doji candlestick, hinting that a bullish reversal may materialize going forward. We will look for confirmation on a bullish close of the current candle to position for buying opportunities.
To discuss these strategies with other traders, please visit the Candlestick Forum
To receive future articles by email, please contact Ilya at email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.