USDCAD / H4 / Daily Forex Technical Analysis / 7.23.2019

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders, welcome to the Daily Forex technical analysis . Today is July 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar . Looking at the 4 hour time frame we are looking for price action to reach the 1.31 key resistance area for a loss in momentum and possibly an opportunity to find a profitable short. Entry for a Short position near the 1.31623 area, with a Stop Loss near the 1.32073 zone, with a target profit level area of 1.30697 could ensure a profitable trade with a 2.06 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Comment: Target profit level area is 1.30697 not 1.31554 sorry! For the green dialog box on display!
thanks for your work, would appreciate if you also took value from mine
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out