USDCAD | Bullish Flag Above Strong Horizontal Support
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Initiate Long.
Entry - 1.30735
TP1 - 1.31057
TP2 - 1.31330
SL - 1.30643
Reason: Price retraced from Strong horizontal support and formed a bullush flag, the fact the pattern formed above strong support makes it stronger. Also we see the price was supported by Pivot Point, and MAs (25,50)
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Long.
Entry - 1.30735
TP1 - 1.31057
TP2 - 1.31330
SL - 1.30643
Reason: Price retraced from Strong horizontal support and formed a bullush flag, the fact the pattern formed above strong support makes it stronger. Also we see the price was supported by Pivot Point, and MAs (25,50)
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.