ForecastCity
Long

There is a buy opportunity in USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3987). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.

Take Profits:
TP1= @ 1.4245
TP2= @ 1.4348
TP3= @ 1.4667

SL= Break below S2
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Comments

Nice :)
+3 Reply
@john-19, Thanks
+4 Reply
Thank You for sharing!
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome. we hope you like it.
+2 Reply
This chart is really something else! Special!!
+1 Reply
Thank You for sharing!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, You're welcome. we hope you find it helpful on your own trades.
+1 Reply
Your BIG PROFIT ROAD MAPs are unique and Excellent!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, Thanks for your nice comment. We're happy the BIG PROFIT ROAD MAPS gets your attention.
+1 Reply
I agree with your idea. I already set my orders around 1.3987.
+1 Reply
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