Trade ideas
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3105). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.3175
TP2= @ 1.3200
TP3= @ 1.3250
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 suggested support line (1.318). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.3260
TP2= @ 1.3280
TP3= @ 1.3330
SL= Break below S2
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. . . . . Please show your support back,
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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 suggested support line (1.311). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 1.3160
TP2= @ 1.3180
TP3= @ 1.3250
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
Falling wedge - BUYPrice is clearly forming a falling wedge pattern, hence looking to enter LONG.
Please note
Trade like how the big boys trade (banks and financial institutions).
Do not aim for silly 20-30pips instead look for 90-100 pips and above.
Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past!
Dont depend on lagging indicators.
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
Ascending Triangle in USDCAD - "Learn More Earn More" With USUSDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️






















