ProCFDTrader

USDCAD Buy Trade idea

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
I have been monitoring USDCAD for quite some time now. 1.3340 area is a pretty strong support level which also happens to be the broken resistance level back in March'2020. So, I believe it's possible for USDCAD to rally up to the 1.3700 area.
You can also see a strong bullish impulse in the 4H chart.
So, buying between 1.3340-1.3400 with SL below 1.3300 and TP at 1.36 seems like a good trade idea to me.

Comments

Great analysis!!! Keep it up 💪
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I like your analysis. I entered the trade!
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ProCFDTrader isaiahterrence
@isaiahterrence, Good luck :)
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Entered 🙌🏻 TY
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ProCFDTrader UnknownUnicorn10387501
@UnknownUnicorn10387501, Good luck :)
+1 Reply
@ProCFDTrader, Thank you!! :)
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