USDCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Usdcadbuy
USD/CAD Bullish Breakout: Trade Hits Target Successfully200 EMA (Blue) at 1.43070: Represents long-term trend resistance.
30 EMA (Red) at 1.42660: Represents short-term trend direction.
Price has strongly surged above the 30 EMA, indicating bullish momentum.
Support and Resistance Levels:
Support Zone (Red area at the bottom): Marked near 1.42150, where the price reversed.
Target Resistance (Blue at the top) at 1.43672: Marking the expected profit zone.
Trade Setup:
Entry Point: Near the support zone at 1.42451-1.42660.
Stop Loss: Placed below 1.42150, to minimize risk.
Target Point: 1.43672, aligning with a previous resistance level.
Price Movement: A strong bullish breakout occurred, moving rapidly toward the target.
Trade Analysis:
✅ Successful Long Trade: Price moved sharply upward after consolidating at support.
📈 Momentum Confirmation: The strong bullish candles indicate aggressive buying.
🎯 Target Achieved: The trade reached the projected 1.43672 level, generating a solid risk-to-reward outcome.
Potential Future Outlook:
If the price sustains above 1.43672, further upside could be seen toward 1.44000.
If it faces resistance, a pullback toward 1.43070 (200 EMA) may occur before another move.
USDCAD EA MAN UPDATE >READ THE CHAPTIANKey Observations:
Support Zone & Trendline: The price is currently pulling back to a support zone, aligning with the ascending trendline, which may provide a bullish reaction.
EMA Confluence: The price is positioned above the 30 EMA (1.43193, red) and approaching the 200 EMA (1.43167, blue), indicating strengthening bullish momentum.
Target Point: If the price holds at the support and resumes its uptrend, the next target is around 1.43803 - 1.43689.
A break and close above the recent high could confirm further bullish movement towards the target zone. However, if the support fails, a deeper retracement may occu
💡Don't miss the great buy opportunity in USDCADTrading 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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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 1.2446
TP2= @ 1.2481
TP3= @ 1.2529
TP4= @ 1.2572
TP5= @ 1.2591
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2347).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.2405
TP2= @ 1.2434
TP3= @ 1.2480
TP4= @ 1.2525
TP5= @ 1.2594
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BUY USDCAD!!!USDCAD has given us a beautiful retracement to the downside and this has given a great opportunity to take a long in this pair.
This region holds strong support(Weekly and Monthly) at prices that are supposed to bounce from here to the region of 1.38900 approx.
So, we can take a long position here :)
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