FUNTRADER-Vera
Long

0511 USDCAD wave 7 up to 1.322 for 110 pips

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             has found its support on the support line.
This would make WAVE 7 become possible.
And this is going to send price up to the blue top.
The first position looking now is 1.322.

Our last idea is not valid anymore because that channel cant stop price to move up.


Less is more!
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Thanks for sharing Vera.. Another great trading idea thanks
Reply
Nice idea on USDCAD and there may be potential gains as you have identified by going long. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first support at 1.3056. It is a horizontal overlap support, 61.8% fibonacci retracement and a 61.8% fibonacci extension. Stochastic is approaching support and we might see a corresponding bounce in price. If a corresponding bounce does occur, we may want to take a look at the 1.3177 resistance level. It is a horizontal swing high resistance, 100%, 61.8% fiboancci extension and a 78.6% fibonacci retracement.

Please take a look at our idea and share with us what you think.

Reply
@easyMarkets, yes, your chart looks amazing. It could go up to 1.317 first.
Thank you for sharing your idea hear.
Reply
FUNTRADER-Vera FUNTRADER-Vera
@FUNTRADER-Vera, here. Typing mistake.
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serdar77 easyMarkets
@easyMarkets, Why did u share ur idea here?? Free advertising is it :))
Reply
serdar77 easyMarkets
@easyMarkets, Sneaky..
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