ForecastCity

💡 Don't miss the great buy opportunity in USDCAD

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2815). 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 41.

Take Profits:
TP1= @ 1.2880
TP2= @ 1.2930
TP3= @ 1.3000

SL= Break below S2

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Comments

Thanks again for your help. Clean and clear charting. 👍
+2 Reply
@Lizabet, Thank you for your comment. We appreciate it
Reply
It's a nice technical analysis. keep up professional charting.
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, Thanks for your comment.
Reply
Nice chart👍
+1 Reply
@fxpays, Thank you
Reply
Nice setup 👍
+1 Reply
@Kamryn, Thanks for your comment.
Reply
Thank you so much 💐
+1 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome.
Reply