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GEminio
Aug 17, 2020 9:54 AM

17 August, 2020 USDCAD Retest on Support after false breakout Long

U.S. Dollar/Canadian DollarFXCM

Description

FX:USDCAD following the price rejection to move downward last week.
USDCAD are doing a retest of the Support, expect market to move in to consolidation phase if the test is failed.
Buy with SL, TP are usually not 1 wave to the previous S/R, it's recommend to place TP base on Pivot or Fibo.
Comments
GEminio
I regularly trade FX Majors in general, most traded are EURUSD, GBPUSD, AUDUSD, USDCAD, USDCHF and USDJPY. Sometimes I trade: GBPJPY, EURJPY, NZDUSD, EURGBP, AUDNZD as well
do follow me for future analysis of above pairs.

Happy Trading guys :)
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