USD/CAD: Short Term "Buy the Dip" strategy!
From a technical point of view,, the
USDCAD
pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame).
On chart I have shown some potential targets that could be reached, but to understand which of these to look at, we need to follow the swing that will form (3 or 5 waves), so it will be necessary to follow and update this analysis (levels) along the way.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
USDCAD
pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame). On chart I have shown some potential targets that could be reached, but to understand which of these to look at, we need to follow the swing that will form (3 or 5 waves), so it will be necessary to follow and update this analysis (levels) along the way.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Comment:
It's still in play....
Comment:
🔔 Resistance Area around 1.33
Trade closed: target reached:
✅Target 1 hit!
Comment:
💡 trend is still bullish...
Comment:
🔔 Now we're going to look for supports:
Comment:
🔔Target 2 still in play...
Comment:
Nice Pullback! Consolidation?
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Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
