Lingrid

USDCAD where will GROWTH start?

Long
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
The price continues to follow our goals. Let me remind you of my past predictions that came true for which the price first:
Reached the resistance line and fell from it to support.
From the line of support began to rise.
And in the end came to the line of resistance.

After touching the resistance zone 1.284 - the intersection of two strong lines - the price began to fall again. And now I expect that the first thing it will continue to fall and stop only at the 1.257 support line.

After that, the price will bounce off the support and rise again to the resistance line. Thus, the final target that I expect is the resistance line at 1.273.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
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Comments

The price has come to a strong resistance line.

Is this a good selling opportunity?
Reply
Lingrid DeGRAM
@DeGRAM, yep
Reply
your idea inspiring friend
Reply
Lingrid TradingAlchemist
@TradingAlchemist, thank you for such sincere words)
Reply
As we can see, on January 6, the price bounced off the support line! I think the growth will be up to the resistance line without falling!
Reply
Lingrid Solldy
@Solldy, hmm, time will tell
Reply
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