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Lingrid
May 15, 2021 10:25 AM

USDCAD longΒ Long

U.S. Dollar / Canadian DollarFOREX.com

Description

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A few days ago, the price tried to break through a strong resistance line, but crashed and went down - again to the lower resistance line. There is also a strong support level here. I expect growth from this support zone again upwards towards the nearest resistance line.



Traders, if you like this idea or have your own opinion about it, write in the comments. I will be gladπŸ‘©β€πŸ’»
Comments
Mahtab_Tradia
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Nice chart! This is my view for USDCAD:
usa007
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@Mahtab_Tradia, sorry but I don’t see on what you are seeing for it to jump this high specially after a double top
Lingrid
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@Mahtab_Tradia, thanks for your thought)
Aenna
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I have buy 1.2251
Usdcad up jayega ?
arthurwolff1
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Im in and heavy with an average of 1.21 fingers crossed
electricalFerr48994
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As I told you most of your ideas are wrong the trend is down trend since your report has been made
Nasdaq_Diaries
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i see about 100 more pips on the drop to come before any chance of a buy. no demand is visible on higher time frame, only a monthly support zone
fx_iranian_traders
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We may see a return to 1.2057, but I think the price is going up
thank you
arthurwolff1
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I have been studying which is better as I am bearish CAD but long USDCAD looks better than long EURCAD. Thoughts?
VasilyTrader
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I agree with your technical outlook!
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