USDCAD After a huge downwards trend it started to go up after creating Double Bottom. so every drop buy when u want to have a profit
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.2080). . 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...
USDCAD hourly chart is showing a trend line support. Long can be initiated at current levels 1.25700 with SL of 1.25450 a 25 Pips stop. RISK Management/ Position Size-->> Risk can be calculated as per the given stops level. For example if your risk is $10-15 you should initiate the trade with not more than 5000 units.
Actually i'm holding this trade from last week and now it's going to pay off for my patients.
I think it'll terminate, which is high probable scenario...
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 :) FOLLOW US FOR MORE!!!
Okay, so what kind of situation do we have here in this pair... Today USDCAD got support around at 1.37500 area. Now, prices might test 1.39000 levels before continuation to the downtrend ( As the region is broken). But it's not the right time to enter short as we have to see the market reaction at 1.39000 levels. If prices get a rejection from there then we...
The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While above 1.3852 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
LONG USD CAD will give profit. At this time it is at support TP-1.42300
The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily and 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2946. While above 1.3850 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.