MEX_Exchange
Long

USDCAD Approaching Support, Prepare For A Bounce

FX:USDCAD   U.S. Dollar / Canadian Dollar
Buy above 1.2561. Stop loss at 1.2458. Take profit at 1.2726.
Reason for the trading strategy (technically):
USDCAD             is approaching its support area at 1.2561 (100% Fibonacci extension , 61.8% Fibonacci retracement , 78.6% Fibonacci extension , horizontal overlap support) where we expect to see a bounce, pushing price up to its resistance at 1.2726 (100% Fibonacci extension , 38.2% Fibonacci retracement , 23.6% Fibonacci retracement , horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 0.9% where we expect to see a corresponding bounce.
https://telegram.me/fxtradingroom --> join the waiting list for our free live trading room!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out