The USDCAD pair is on the Rising Support that is holding for more than a month.
There is also the Support Zone (1.36280 - 1.36480) that is holding for 2 weeks.
Trading Plan:
1. Buy as long as the Rising Support holds.
2. Sell if the Support Zone breaks (i.e. closes a candle under it).
Targets:
1. 1.3800 (Resistance (1)).
2. 1.3555 (Support (1) and Fibonacci 0.5).
Tips:
1. The RSI (4h) is also on a 2 week Support. This is technically a short-term bullish sign.
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There is also the Support Zone (1.36280 - 1.36480) that is holding for 2 weeks.
Trading Plan:
1. Buy as long as the Rising Support holds.
2. Sell if the Support Zone breaks (i.e. closes a candle under it).
Targets:
1. 1.3800 (Resistance (1)).
2. 1.3555 (Support (1) and Fibonacci 0.5).
Tips:
1. The RSI (4h) is also on a 2 week Support. This is technically a short-term bullish sign.
Please like, follow and comment!!
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.