"Trade Idea" on USDCAD by ThinkingAntsOk
1H CHART EXPLANATION:
The main items we observe in the Chart are:
- Price is currently on a range, between an important Support Zone and Resistance Zone.
- Bullish Divergence on MACD.
- Price bounced on the Support Zone and is trying to go up.
Based on this, if price breaks the Descending Trendline at 1,3435, it has potential to move up towards the Resistance Zone at 1,3505.
Updates coming soon!
Take a look at the context of the trade in our Top and Bottom Analysis on USDCAD in the Related Ideas !
The main items we observe in the Chart are:
- Price is currently on a range, between an important Support Zone and Resistance Zone.
- Bullish Divergence on MACD.
- Price bounced on the Support Zone and is trying to go up.
Based on this, if price breaks the Descending Trendline at 1,3435, it has potential to move up towards the Resistance Zone at 1,3505.
Updates coming soon!
Take a look at the context of the trade in our Top and Bottom Analysis on USDCAD in the Related Ideas !
Order cancelled:
Setup cancelled because the price broke the Support Zone.
