WEEKLY ANALYSIS USDCAD DAILY TIMEFRAME (LONG!)
Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading!
USDCAD outlook. Last week, price has finally broke above the monthly resistance and retested EMA 55. After price retested EMA55, often time, price would reject EMA and retest the nearest price structure, for instant, the monthly resistance, which potentially turn into support. Therefore, we will be looking for long opportunity at the monthly resistance area.
Entry Price: 1.3660
SL: 1.3616
TP: 1.3856
USDCAD outlook. Last week, price has finally broke above the monthly resistance and retested EMA 55. After price retested EMA55, often time, price would reject EMA and retest the nearest price structure, for instant, the monthly resistance, which potentially turn into support. Therefore, we will be looking for long opportunity at the monthly resistance area.
Entry Price: 1.3660
SL: 1.3616
TP: 1.3856