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ForecastCity
Jun 30, 2021 11:29 AM

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

OANDA:USDCAD60
USD/CADOANDA

Description

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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2347).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.

Take Profits:
TP1= @ 1.2405
TP2= @ 1.2434
TP3= @ 1.2480
TP4= @ 1.2525
TP5= @ 1.2594

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsUSDCADUSDCADusdcadbuyusdcadlong
Comments
davidgolandak
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Good call - thank you.
ForecastCity
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@davidgolandak, You're very welcome! We hope you enjoy it.
carefulOwl22772
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Lovely analysis, think this could be a goer!
ForecastCity
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@carefulOwl22772, Thank you for your comment. We appreciate it
sofi_Morphy
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Brilliant explanation. Thank you for your ideas.
ForecastCity
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@sofi_Morphy, You're very welcome! We hope you enjoy it.
crimsonknight32
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I'm so angry with myself, I actually entered that trade @1.23025.
I exited earlier than expected... Since then I have been accruing losses because I went short afterwards 😭😭
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