TradingView
ForecastCity
Oct 26, 2020 12:04 PM

πŸ’‘Don't miss the great buy opportunity in USDCADΒ Long

U.S. Dollar/Canadian DollarFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.313). 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 56.

Take Profits:
TP1= @ 1.3220
TP2= @ 1.3285
TP3= @ 1.3340
TP4= @ 1.3420
TP5= @ 1.3505

SL= Break below S3

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Comments
Mehmetozdemi
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Thanks for sharing this idea.
ForecastCity
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@Mehmetozdemi, You're very welcome! We hope you enjoy it.
MH100
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Thanks. This is great!
ForecastCity
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@MH100, Thanks a lot. We appreciate your feedback.
sofi_Morphy
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Good job! Clean analysis.
ForecastCity
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@sofi_Morphy, Thank you, We hope you enjoy it.
sara-kian-fx
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Wow, perfect analysis.Thanks man.
ForecastCity
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@sara-kian-fx, You're very welcome! We hope you enjoy it.
aitazazshah09
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thats great buddy
ForecastCity
β‹…
@aitazazshah09, Thank you, We hope you enjoy it.
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