PSamos
Long

USD/CAD - Upward Ranging Trend - Will Price Respect Boundaries?

FX:USDCAD   U.S. Dollar/Canadian Dollar
For Educational Purposes Only.

Price is struggling to break through resistance up near the 1.3395 area.Although still in a nice range bound trend, it is becoming more choppy as counter trend movements begin to take over. I see accumulation near the Buy Zone listed in the graphic chart provided. This could possibly lead to another leg in the range upwards towards 1.3395. Stop would obviously have to be below recent swing lows, possibly a 2:1 Risk Reward on this one, as long as price doesn't close below 1.3305 or so, I am Bullish on this pair.

Mood: Bullish .
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out