I hope it will up site Continuation. wait for Corraction.
Target is 1.27729
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
There is a possibility of temporary retracement to suggested support line (1.26467).
. if so, 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 20-Day EMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.27115
TP2=@ 1.27729
⚠️Risk Disclaimer: All trading ideas are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position.
Target is 1.27729
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
There is a possibility of temporary retracement to suggested support line (1.26467).
. if so, 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 20-Day EMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.27115
TP2=@ 1.27729
⚠️Risk Disclaimer: All trading ideas are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position.