TradePlus-Fx|USDCAD: mid-term view

💬Description: As a result of yesterday's trading day, the currency pair closed above the level of 1.35019, which is a very significant event, especially for buyers. The dollar continues to exert pressure across the board, and with the daily close above this level, this trend for USDCAD will continue. However, most likely, growth is limited and setting targets above 1.36447 would even be naive.

The medium-term prospects for this instrument are more interesting. Here, you should most likely expect sell-priority. The accumulation volume is distributed in such a way that a big player is likely to change the direction of the market, since the “market crowd” will satisfy his request and close all his longs. For the “crowd”, this is a loss.

Here we highlight two scenarios for the development of events, respectively, and two options for entering a sell on the USDCAD currency pair. Both options are shown on the chart. Of course, the entry point in the second scenario will be stronger for the seller, but one can gain a medium-term position according to the first scenario.

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Comment:

✅TradePlus-Fx performance✅

1) GOLD:

2) EURUSD:

Comment:

Closing the daily chart below 1.35019 may trigger sales in the currency pair tomorrow

Comment:

There is new idea for EURUSD🚀

Comment:

There is new GOLD idea🚀

Comment:

There is new idea for EURUSD🚀