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ForecastCity_ME
Aug 6, 2021 3:52 PM

💡Don't miss the great buy opportunity in USDCAD Long

U.S. Dollar/Canadian DollarFXCM

Description

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2515).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.

Take Profits:
TP1= @ 1.2602
TP2= @ 1.2646
TP3= @ 1.2731
TP4= @ 1.2787
TP5= @ 1.2872

SL= Break below S2

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Comments
NK_NAVEEN_NK
it's really works... thank you brother... keep it up.
waiting for another post.
merajkhan
Hey! Sir I am holding position at 1.2642 for buy, and now its trading at 1.2610 will it go up or should I close the position ?
Mehmetozdemi
Great quality! Thank you!
ForecastCity_ME
@Mehmetozdemi, It's our pleasure!
Lizabet
I appreciate your help. Keep posting.
ForecastCity_ME
@Lizabet, Thank you for your comment.
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