capitalpropertiesfx

USDCAD - ahead of the FOMC Meeting Minutes

FX:USDCAD   U.S. Dollar/Canadian Dollar
60 2 0
Simple support and resistance chart for the FOMC. I'd like the upside more but the pair looks heavy so more downside cannot be ruled out. Last support would be an ideal area to look for bullish clues to establish longs.

Related Ideas

TradersClassroom
2 years ago
Second support looks like a good entry.
Reply
capitalpropertiesfx TradersClassroom
2 years ago
Yes, it could work but it depends where is your stop. The problem is that the second support is very close to 1.0600 and maybe the market spikes below it for a second, just to take out weak longs or smth. So choosing the Stop Loss here is the key.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out