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Lingrid
Jan 13, 2021 8:16 AM

USDCAD where will GROWTH start? Long

U.S. Dollar / Canadian DollarFOREX.com

Description

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 👩‍💻
Comments
DeGRAM
The price has come to a strong resistance line.

Is this a good selling opportunity?
Lingrid
@DeGRAM, yep
TradingAlchemist
your idea inspiring friend
Lingrid
@TradingAlchemist, thank you for such sincere words)
Solldy
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!
Lingrid
@Solldy, hmm, time will tell
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