Kom igång
MEX_Exchange

USDCAD back to support, watch for another bounce

Lång
USA-dollar/Kanadensisk dollar (FX:USDCAD)  
MEX_Exchange  
FX:USDCAD   USA-dollar/Kanadensisk dollar
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadshort usdcadlong usdcadforecast usdcaddaily usdcadsell usdcadbuy
48
0
trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadshort usdcadlong usdcadforecast usdcaddaily usdcadsell usdcadbuy

Intro: USDCAD has made a pullback to our breakout level giving us a good opportunity to re-enter into this trade setup.

Buy above 1.2629. Stop loss at 1.2561. Take profit at 1.2909.
Reason for the trading strategy (technically):
Price has made a nice pullback to our entry and we’re looking to buy above 1.2629 support (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.2909 resistance (Fibonacci extension, horizontal swing high resistance). We do have to keep an eye out on intermediate resistance at 1.2750 which price has already reacted off nicely once. Only a break of that level would trigger a bigger move up to 1.2909.
RSI (34) sees an intermediate ascending support hold up its bullish momentum really nicely, but we’re also seeing major resistance at 62% which needs to be broken to trigger a stronger upside move.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.