USDCAD

USDCAD has finally found it's long support this week and formed a narrow channel. This can be identified by price which touched the 200MA and 365MA and. I'm going to look for a long entry if price action and MACD allows me to, especially if there is a tail formed after candle closes I won't take it even MACD will show signal because that is a false signal.

So before taking a trade, I need to see a perfect setup such as trend continuation MACD pattern, candle formation, and no innecessary tails.

Here is a chart to get an idea how I trade trend continuation pattern.