F-uc
USDCADDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As ai said in the last week... USDCAD also went down more than I expected but it remained in a safe area and I will continue to look for BUY until the 1.24700 area and then towards the 1.29 area!
however ... a 1 day close below 1.22500 will make me think of SELL up to the trend line area and then ... UP AGAIN
THIS WEEK... UC climbed again to the 1.24700 area, as I said last week, see where it had a very strong rejection, forming a range in this area!
in the next period I will wait for a close for at least 1 day ... or over 1.24900 from where I will look for BUY until my final target 1.29 or below 1.22500 and I will look for SELL until the area of the trend line ... and from there UP AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Whether uptrend is supported by the new MPP (P)?In July a new MPP was drawn.
Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly.
Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months.
Weekly chart
As a provisional up trend, I'd like to simply place a long.
<< tactics >>
1) MPP (P) 1.31266 functioned as a support line
long.
The first limit is under the horizontal line 1.32600 (neckline of the latest double top).
The second limit is under WePP (R1) 1.33035.
The third limit is under MPP (R1) 1.33941
2) It is doubtful whether MPP (P) 1.31266 functioned as a support line
I am watching it as an uptrend, so I will not think about short once. I will observe.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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