Let's wait for the breakout of level 1.26351. inverted Head and shoulder pattern is formed.
following downtrend and reverse from resistance area / for better entry follow 50 ma on 30mn chart/ entry range btw 1.25850-1.25900
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.25400). . 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. ....
Explained the previous patterns and breakouts with arrow marks. One can expect a break from the downtrend and move up from this point. Resistance marked !!
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.
In a downtrend. Short on rise near Pith fork lines resistance. Bullish moves only when it breaks out of Pithfork.
usdcad long to mid term view looks bullish
entry zone can be found in low time frame, stay tuned I'll update
Guys we Usdcad create a forecast Mar 2, and told usdcad touch 1.24, here a arrow drawing it. This drawing you see first Usdcad price down, next up 1.251+ and told This month or April 10 under down come 1.24 high come previous friday (19 Mar). Now Our usdcad analysis fully complete already down 18 Mar 1.2366 and now high 1.251+ ✓✓ Hope you happy our analysis.