TradingAxis

USDCAD > Can We See a Break Soon?!

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Analysis of #USDCAD

Hello friends,

this market recently stopped me out for the second time in a row only to rally back more than 100 pips.

my theses were that the oil market will be moving sideways or to the downside which did happen as predicted but my trades did not work all due to weakness in the dollar and not a strength in the CAD, in fact, i had two trades on EURCAD hit big profits, probably should have shorted the oil and get done with it.

now that we have price against the trend line resistance i think we could see a break above the trend line resistance and break of structure and if this happens I will look for trend continuation entry


Kindly if this idea is helpful to you, leave a comment below and press the like, it will help me big time

Check today analysis below⠀



_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
▶𝗙𝗥𝗘𝗘 𝗧𝗘𝗟𝗘𝗚𝗥𝗔𝗠 ▶ https://t.me/TradingAxis
▶Check our website▶ https://www.tradingaxis.com/
▶Cross-promotion, Bussines inquires 💼 and signals service💰
▶𝗖𝗼𝗻𝘁𝗮𝗰𝘁 https://t.me/Teamaxis
💱Recommended Broker https://bit.ly/xmhome_page

Comments

I like your work
Reply
nice job here, thanks 🦐👍🏻!
Reply
Strong presentation
Reply
Don't worry 😉 try to again
Reply
Honestly you do a very nice job
Reply
TradingAxis chirscabe
@chirscabe, thank you for the comment
Reply
thanks for sharing! this is what I see on USDCAD :
Reply
TradingAxis Saeed966
@Saeed966, thank you for sharing!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out