USDCAD-bias long
Pair has showed inverted hammer in day time frame followed by the green candle in day time frame,Respecting the major support area multiple times indicates possible upward movement.1 hr : Inverted head and shoulder formed indicating bullish move ,Based on current structure and respecting fib level 0.382 from the base rally -it can go long .
Trade plan bias long @ 1.4298
SL:1.4277
TP1:1.4375
TP2:1.4336
Bearish : MA 200 in 30 m and 1 hr is still above the price , price may react and fall below if respected.
Trade plan bias long @ 1.4298
SL:1.4277
TP1:1.4375
TP2:1.4336
Bearish : MA 200 in 30 m and 1 hr is still above the price , price may react and fall below if respected.
Trade closed: target reached
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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.