Using support and resistance for a long position on USD/CAD Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ May 5, 2020 4:33 PM

This is my first time publishing a strategy so let me know what you think of my analysis, I used trend lines and zones to mark the support and resistance so I can have an idea where price could go on USD/CAD 1HR and 4HR time frame.

Comments

maceben12

⋅ May 6, 2020 11:50 AM

We broke daily resistance and retraced so would we not be looking at shorts ?

ohhpreqz

⋅ May 6, 2020 11:31 PM

@maceben12, I uploaded an analysis about that on the daily timeframe and yes there was shorting opportunities, but if you check it was bullish today.

QQGuo-Shane

⋅ May 5, 2020 4:48 PM

Looks in right direction, you will earn both money and confidence from this chart.

ohhpreqz

⋅ May 5, 2020 4:53 PM

@qguocn, thank youu

h1fx

⋅ May 5, 2020 4:38 PM

Looks good, keep it up

ohhpreqz

⋅ May 5, 2020 4:41 PM

@h1fx, Thanks