💡Don't miss the great buy opportunity in USDCAD
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.303). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.3095
TP2= @ 1.3148
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370
SL= Break below S2
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ForecastCity English Support Team ❤️
. There is a possibility of temporary retracement to suggested support line (1.303). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.3095
TP2= @ 1.3148
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trade active:
338 pips profit...
Total Profit: 338
Closed trade(s): 119 Profit
Open trade(s): 219 Profit
Update Details:
Closed Profit:
TP1 @ 1.3095 touched at 11.12.2020 with 33 Profit.
TP2 @ 1.3148 touched at 11.13.2020 with 86 Profit.
33 + 86 = 119
Open Profit:
Profit for one trade is 1.3135 (current price) - 1.3062 (open price) = 73
3 trade(s) still open, therefore total profit for open trade(s) is 73 x 3 = 219
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370
Total Profit: 338
Closed trade(s): 119 Profit
Open trade(s): 219 Profit
Update Details:
Closed Profit:
TP1 @ 1.3095 touched at 11.12.2020 with 33 Profit.
TP2 @ 1.3148 touched at 11.13.2020 with 86 Profit.
33 + 86 = 119
Open Profit:
Profit for one trade is 1.3135 (current price) - 1.3062 (open price) = 73
3 trade(s) still open, therefore total profit for open trade(s) is 73 x 3 = 219
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370