By: Fadi Steitie
Currency: USD/CAD
Trend Expected Direction: Up
Strategy: Ichimoku Kinko Hyo
Description: Technically speaking, We can see a falling resistance R level and rising support level S that created what it called a Squeeze or a decreasing triangle. The sentiment is still positive due to the fact that Senkou Span A (Green) is above Senkou Span B (Orange) with a little drop in B that caused by a pull back in trend from last week. I will not pay much attention to Blue and Red avareges because they will give a conflict signals in this scenario. However, I will keep watching the support and resistance levels in the coming few days with a long position waiting for a breakout in the resistance level, then will increase my lots targeting upside move.
Action: Hold Long
Target Area: Open
Stop Loss: 1.0100
