Hello traders, this is my opinion on what will happen next on USDCAD .
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Price is now trending in accumulation area and clearly looking bullish.
USDCAD now consolidating on support @ 1.24900 and will rise, so best buy scenario is "buy now" as trend line support area is getting stronger.
I expect the price to rise as it already reversed the trend last week. My goal is price to reach resistance @ 1.26000
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Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position.
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My TradingView Community if you like my idea, please like and follow for support.
Also if you have any opinion please write in the comments, always open to new ideas.
Thanks for passing by and have a good day traders!
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Price is now trending in accumulation area and clearly looking bullish.
USDCAD now consolidating on support @ 1.24900 and will rise, so best buy scenario is "buy now" as trend line support area is getting stronger.
I expect the price to rise as it already reversed the trend last week. My goal is price to reach resistance @ 1.26000
➖➖➖➖➖➖➖➖➖➖➖➖
Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position.
➖➖➖➖➖➖➖➖➖➖➖➖
My TradingView Community if you like my idea, please like and follow for support.
Also if you have any opinion please write in the comments, always open to new ideas.
Thanks for passing by and have a good day traders!
➖➖➖➖➖➖➖➖➖➖➖➖
Trade closed: stop reached:
SL hit - 40 pips
