ForecastCity

💡Don't miss the great buy opportunity in USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2124).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCADis in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.


Take Profits:
TP1= @ 1.22020
TP2= @ 1.22648
TP3= @ 1.23518
TP4= @ 1.24405
TP5= @ 1.25489

SL= Break below S2

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Comments

Good job! Clean analysis.
+1 Reply
ForecastCity davidgolandak
@davidgolandak, Thank you for your comment. We appreciate it.
Reply
I'm so grateful for your help.
+1 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, We hope you make the most out of it.
Reply
Thanks for the good analysis. This is very helpful.
+1 Reply
ForecastCity Mesutkashmar
@Mesutkashmar, You're very welcome! Glad you found it helpful.
Reply