As we can see, the momentum for USDCAD is bullish, I marked the demand below as a great continuation level for buy position, if the price will hit that demand I'll buy there, my long Terms target will be 1.3600 zones, another scenario that I would like to mention is if the price will break that demand and keep falling down, in that case, the momentum will change to Bearish momentum, and it indicates that the price most likely on his way to reach the demand at the bottom, if that happens, I'll look for price action setup for sell position and the Demand at the bottom will be my target.
The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
We Trade Forex - Come Join Us!
the5ers.com
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.
The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
We Trade Forex - Come Join Us!
the5ers.com
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.