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USDCAD is trading close to the upper boundary of the triangle pattern. There is a high possibility that the current bullish momentum will break the upper boundary and form an uptrend for the USDCAD pair. The important price zone for the sellers at the moment is 1.075. If the buyers are strong enough to push the price above 1.075, the sellers will only be really interested in the price zone of 1.340, the high of the pair in May.
📉 Key Levels
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USDCAD is trading close to the upper boundary of the triangle pattern. There is a high possibility that the current bullish momentum will break the upper boundary and form an uptrend for the USDCAD pair. The important price zone for the sellers at the moment is 1.075. If the buyers are strong enough to push the price above 1.075, the sellers will only be really interested in the price zone of 1.340, the high of the pair in May.📉 Key Levels
- Buy trigger: Reject and Trading above 1.365
- BUY DCA Break 1.375
- Target: 1.400
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Trade active
price has increased as analyzed let's see if price breaks the trendline and heads towards our Takeprofit zoneTrade closed: target reached
USDCAD + 200 pips coming to Full TP signal. Congratulation all
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Join me to get Trading signals, Trading knowledge
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
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☘️Contact: t.me/VHTTrader
Related publications
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.