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U.S. Dollar / Canadian Dollar
Long

USDCAD Long Retracement

38
A move down from a supportive trendline's break looks like it's running out of steam. I will enter long with the idea that I may have to re-enter at previous lows to bring down the BE. PT is a 50% target of prior swings. This also correlates with other USD pairs showing possible countertrend swings.
Jaimster
Pivot PointsSupport and ResistanceTrend Lines

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Pivot PointsSupport and ResistanceTrend Lines
Jaimster

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.