ForecastCity_EU
Long

Don't miss the great buy opportunity in USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3485). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.

Take Profits:
TP1= @ 1.3850
TP2= @ 1.4130
TP3= @ 1.4265
TP4= @ 1.4665

SL= Break below S2

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Comments

Lovely analysis, think this could be a goer!
Reply
Appreciated your content, Thank You for sharing!
Reply
thanks for your ideas
Reply
Great analysis buddy
Reply
very nice
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