USDCAD has broken major resistance, prepare for further rise

FX:USDCAD   U.S. Dollar / Canadian Dollar
Buy above 1.2393. Stop loss at 1.2335. Take profit at 1.2506.
Reason for the trading strategy (technically):
Price has broken major resistance-turned-support at 1.2393 ( Fibonacci retracement , horizontal overlap resistance) and we can also see it break out of our long-term descending resistance line signalling that we can expect more bullish momentum. We expect price to make a further push up to 1.2506 resistance ( Fibonacci retracement , horizontal overlap resistance).
RSI (55) has made a bullish exit signalling a change in momentum to bullish . --> join the waiting list for our free live trading room!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out