Possible long setup on USDCAD?

16 thg 6, 2017

A few confluences that are giving me a long bias. We have the weekly ascending trend line being respected, higher highs and higher lows, and price stalling around the 61.8% Fibonacci. Also have 2 confluences for the target of 1.40000 being the monthly high and falls in the line with the -27% Fibonacci.

Please feel free to share your thoughts. Thanks.