abhish_analysis

USDCAD: Bull run, over new support.

Long
abhish_analysis Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD: USDCAD broke resistance line at 1.2175, and respected
nicely, started fresh bull rally, now became support level.
i tried to draw bullish trend channel (without higher low),
looking for long setup 1.2182,on lower level or trend channel.

it looks good for long setup, at newly formed support: 1.2175
(it could be big bet for marathon)

*trade channel based on hourly chart.

Technical- Based on S/R and trend channel :
- Next Resistance: 1.2246
- Support: 1.2175 (best buying price)


! leave feedback please.

Image-
Trade active:
SL move to 2.1785
Trade active:
Trailing SL hit, Level testified as strong support, respected 4 times in very short time period.
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.