Get started
Chartist-Trading

USDCAD: Possible Bounce from channel line and previous lows

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Chartist-Trading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns USDCAD analysis tradingidea
6
0
trendanalysis chartpattern usdcad analysis tradingidea
USDCAD. The pair is approaching critical support area at 1.2420-30. There lies the trendline of the channel that contains the move, previous lows and S1 support from hourly pivots. We will set BUY orders at these levels. We will set our stops below 1.2385 targeting 1.2460 and 1.2485.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.