ForecastCity
Short

Don't miss the great sell opportunity in USDCAD

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4035). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.

Take Profits:
TP1= @ 1.3950
TP2= @ 1.3915
TP3= @ 1.3860

SL: Break Above R2
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Comments

I really wonder how amazing you are. 🌟🌸🌟🌸🌟🌸
+1 Reply
@fxniki, Thanks
Reply
thanks for your ideas
+1 Reply
@Kamryn, you're welcome
Reply
nice chart
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thank you
Reply
This is such a complete analysis
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you for your feedback
Reply
Thanks!
+1 Reply
ForecastCity Pro_Trader_007
Reply
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