The Canadian dollar is well supported by 1.322-1.318 and is now considering doing more in this area. At present, my admission is 1.322, the first goal of 1.333, the target of second in the 1.343, third target at 1.358, stop at 1.316.
Comments
Trader_Dale
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Thanks for your great analysis!
Here is my view on USD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
jojofang0901
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Very nice trade setup, thank you for sharing your idea. i have similar view on this pair as well.
ChangLiu
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@jojofang0901, Thank you,We can communicate with each other and learn from each other.
Here is my view on USD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale