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ForecastCity
Feb 16, 2021 10:05 PM

💡 Don't miss the great buy opportunity in USDCAD Long

USD/CADOANDA

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2645). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.

Take Profits:
TP1= @ 1.2715
TP2= @ 1.2765
TP3= @ 1.2845

SL= Break below S2

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Comments
Pro_Trader_007
I'll keep it in my watchlist 👍
ForecastCity
@Pro_Trader_007, Thanks for your nice comment 🌹
Josef_anderson
Downtrend line is broken I see. Don't miss it buyers. 👍
ForecastCity
@Josef_anderson, Thanks for the comment 🌹
FTUKcom
I agree
ForecastCity
@Forex-Traders-Uk, Thanks for supporting it 🌹
PriceActionAnalyses
👍
ForecastCity
@PriceActionAnalyses, Thanks for all the comments 🌹
zippy100012
can't see this rising, clear downtrend here.
Kristalyn
I love the idea. As usual great detail and I think i can profit. 😊 Thank you
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