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Headandsholderformation

USDCAD FUNDAMENTAL AND TECHNICAL SWING IDEAGood Day Traders.... HERE'S A SHORT IDEA FOR THE USDCAD USDCAD REMAINS DIRECTIONLESS ON MOST FRONTS BUT IT STILL REMAINS UNDER THE BULLISH PRESSURE FOR THE SECONF DAY IN ROW.. WE SAW A STRONG RECOVERY ON OIL WICH PROMPTED A BIT OF A PULL BACK ON THE PAIR... I'M LOOKING FORA BOUNCE / TOUCH OF SUPPORT LEVEL 1.39831 RETRACE A BIT TO THE UPSIDE THEN CONTINUATION TO THE DOWNSIDE IF WE SEE A BREAK OF LEVEL 1.39821 LEVEL WE WOULD BE IN A DOWNTREND LOOKING FOR SELLS TARGETING THAT 61.8 FIB LEVE..... PERIOD - SWING... * IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
Long
by PULEMokhothu

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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