Get started
FX618Analysis

USDCAD: LONG Trade Idea After Supply Zone Break

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
FX618Analysis  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD Supply Zone Demand Zone LONG swinglow Parallel Channel breakout
1
0
trendanalysis chartpattern indicator usdcad supplyzone demandzone long swinglow parallelchannel breakout
USDCAD Broke the supply zone at 1.36630 and now the price seems to be aiming towards the next upcoming supply zone located at 1.38340. The stop loss is ideally suggested to be placed below swing low/ demand zone at 1.35500. Have a look at the main chart for complete trade details.

Trade Cautiously & Safely. Cheers

Related Ideas

FX618Analysis
EURO Threatening To Break Major Support. Keep Your Eyes Open!
FX618Analysis
Strength To Strength DXY: Loonie Set To Depreciate Further
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.