this broke above a daily level and rejected it twice forming a double bottom, i want to see some bullish price action (higher highs and lows) before going long
we can see that the price pulled back
for a moment now it is time for long.
20-day moving average *support*
the price near support and stoch rsi
signaling bottom.
so let's see what we can get.
Happy trading !
USDCAD has been pushing down from the high since september the 30th and has had no issue taking out every previous level of "support & resistance" /order bank /supply zones or whatever people like to refer to them as. We have now seen a break of the most relevant low with a clear retest potentially forming a double top as it does so. From this I am anticipating...
This week The Bank of Canada (BoC) is meeting on Wednesday to discuss about monetary policy, so "but investors will be looking to see if the BoC looks to adjusts its inflation approach like the Fed to accommodate greater flexibility. Canadian labor market numbers were also released on Friday and, like the U.S., the data was mostly better than expected. Job growth...
Hi dear traders !
its a very simple analyse with trend lines , I starter with 1M and 1W and 1D and in the end 1H timeframe.
great time to buy !
good luck.
Please inform me if you agree with this
We are seeing a low momentum for USDCAD as there is support picking up. Therefore, there should be a long position awaiting for us soon.
TP: 1.324 OR ABOVE
USD/CAD Swing Trade Idea
Looking to retest 1.3425 and bounce up to 1.41950.
If it fails to bounce off first retest, then looking at a bounce off 1.31450 up to 1.38750.
Good luck! And remember, these are just ideas.
